7. Find the selling price of a bicycle marked Php 6,250 at 12% sales tax.
a. Php 6,000
b. Php 6,500
c. Php 6,750
d. Php 7,000
8. What is the rate of interest if Php 10,000 becomes Php 12,500 in 1 year?
a. 2.5%
b. 25%
C. 3.5%
d. 35%
a. Php 6,000
b. Php 6,500
c. Php 6,750
d. Php 7,000
8. What is the rate of interest if Php 10,000 becomes Php 12,500 in 1 year?
a. 2.5%
b. 25%
C. 3.5%
d. 35%
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Answer:
7. D
8. B
Step-by-step explanation:
7. 6,250
12% = 0.12
Solution:
6,250 × .12 = 750
6, 250 + 750 = 7,000
Answer: D. 7,000
8. 12,500 - 10, 000 = 2,500
10,000 × .25 = 2,500
ANSWER: B. 25%