An engineer promised to pay P36,000 at the end of 90 days. He was offered 10% discount if he pays in 30 days. Find the rate of interest.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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SUBJECT: ENGINEERING DATA ANALYSIS

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An engineer promised to pay P36,000 at the end of 90 days. He was offered 10% discount if he pays in 30
days. Find the rate of interest.
Transcribed Image Text:An engineer promised to pay P36,000 at the end of 90 days. He was offered 10% discount if he pays in 30 days. Find the rate of interest.
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