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4) You laan from a loom firm an amount of P300,000.00 witha rate of simple înterest af 30% but the intere st was de du cte d from. the loan at the time the money was borrowed.if at the end of one year you have to full amount oFP 360,000. what is the actual rate of interest ? pay the

4) You laan from a loom firm an amount of P300,000.00 witha rate of simple înterest af 30% but the intere st was de du cte d from. the loan at the time the money was borrowed.if at the end of one year you have to full amount oFP 360,000. what is the actual rate of interest ? pay the

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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) You lean from a lozm firm. an. amount of P300,000.00 with a rate of simple interest af 30% but the interest was dedu cted from the loan at the time the money was borrowed. if at the end of the one year you have to pay full amount ofP 360,000 what is the actual rate of Intere st ?
Transcribed Image Text:) You lean from a lozm firm. an. amount of P300,000.00 with a rate of simple interest af 30% but the interest was dedu cted from the loan at the time the money was borrowed. if at the end of the one year you have to pay full amount ofP 360,000 what is the actual rate of Intere st ?
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