2 years. what was the interest rate?pangalawa na ito ung isa kasi wala hong solu...

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October 2022 1 1 Report

Ramirez investment of php 210,000 earned php 40,400.25 in simple interest after 3 1 /2 years. what was the interest rate?

pangalawa na ito ung isa kasi wala hong solution pero sana may tumulong pa din sakin

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JuliaSlodava

Problem:

Ramirez investment of php 210,000 earned php 40,400.25 in simple interest after 3 1 /2 years. what was the interest rate?

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Solution:

» FIND THE INTEREST RATE:

$P \: = \: 210000 \: php \\\\\ S.T \: = \: 40400.25 \: php \\\\\ T = \: 3 \ \frac{1}{2} \: years \\\\\ T \: = \: \frac{7}{2} \: years \: \: Y \: = \: R \: = ? \\\\\ = \: 40400.25 \: = \: \frac{210000 \: \times \: R \: \times \: 7}{100 \: \times \: 2} \\\\\ R \: = \: \frac{40400.25 \: \times \: 2}{2100 \: \times \: 7} \\\\\ R \: = 5.5 \: \%$

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Answer:

5.5 % Annually

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