1. What would yield an interest of P15,600 in 6 years at 8%?
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2. What would yield an interest of 20,500 at 7% in 4 years?
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Answers & Comments
1. What would yield an interest of P15,600 in 6 years at 8%?
Formula: I = P × R × T
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2. What would yield an interest of 20,500 at 7% in 4 years?
Formula: I = P × R × T