Mr. Reyes borrowed P^(50),000 from a lending firm to start a mini-store business. If the firm...
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Mr. Reyes borrowed P^(50),000 from a lending firm to start a mini-store business. If the firm charges simple interest of 5%, how much must Mr. Reyes pay in three years? Mr. Reyes borrowed P^(50),000 from a lending firm to start a mini-store business. If the firm charges simple interest of 5%, how much must Mr. Reyes pay in three years?
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To calculate the simple interest we use the formula I P r ... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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