Homework Help is Here – Start Your Trial Now!
Engineering
Computer Engineering
from the loan at the time the money was borrowed. If at the end of 1 year, you have to pay the full amount of P10 what is the actual rate of interest?

from the loan at the time the money was borrowed. If at the end of 1 year, you have to pay the full amount of P10 what is the actual rate of interest?

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
See similar textbooks
icon
Related questions
Question
Engineering economics
Set-E3. You loan from a bank the amount of P100,000 with a rate of simple interest of 30% but the interest was deducted from the loan at the time the money was borrowed. If at the end of 1 year, you have to pay the full amount of P100,000, what is the actual rate of interest?
Transcribed Image Text:Set-E3. You loan from a bank the amount of P100,000 with a rate of simple interest of 30% but the interest was deducted from the loan at the time the money was borrowed. If at the end of 1 year, you have to pay the full amount of P100,000, what is the actual rate of interest?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Computer Networking: A Top-Down Approach (7th Edi…
Computer Networking: A Top-Down Approach (7th Edi…
Computer Engineering
ISBN:
9780133594140
Author:
James Kurose, Keith Ross
Publisher:
PEARSON
Computer Organization and Design MIPS Edition, Fi…
Computer Organization and Design MIPS Edition, Fi…
Computer Engineering
ISBN:
9780124077263
Author:
David A. Patterson, John L. Hennessy
Publisher:
Elsevier Science
Network+ Guide to Networks (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Computer Engineering
ISBN:
9781337569330
Author:
Jill West, Tamara Dean, Jean Andrews
Publisher:
Cengage Learning
Concepts of Database Management
Concepts of Database Management
Computer Engineering
ISBN:
9781337093422
Author:
Joy L. Starks, Philip J. Pratt, Mary Z. Last
Publisher:
Cengage Learning
Prelude to Programming
Prelude to Programming
Computer Engineering
ISBN:
9780133750423
Author:
VENIT, Stewart
Publisher:
Pearson Education
Sc Business Data Communications and Networking, T…
Sc Business Data Communications and Networking, T…
Computer Engineering
ISBN:
9781119368830
Author:
FITZGERALD
Publisher:
WILEY
SEE MORE TEXTBOOKS