In buying a computer disc the buyer was offered the option of paying PhP 250 cash at the end of 30 days of PhP 270 at the end of 120 days. At what rate is the buyer paying simple interest if he agree to pay at the end of 120 days.

In buying a computer disc the buyer was offered the option of paying PhP 250 cash at the end of 30 days of PhP 270 at the end of 120 days. At what rate is the buyer paying simple interest if he agree to pay at the end of 120 days.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In buying a computer disc the buyer was offered the
option of paying PhP 250 cash at the end of 30 days of
PhP 270 at the end of 120 days. At what rate is the buyer
paying simple interest if he agree to pay at the end of 120
days.

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