• The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100. What is the rate of interest? • What is the ordinary interest on P1500.50 for 182 days at 5.2%?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The exact simple interest of P5000 invested from June 21, 1995
to December25, 1995 is P100. What is the rate of interest?
• What is the ordinary interest on P1500.50 for 182 days at
5.2%?
Transcribed Image Text:The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100. What is the rate of interest? • What is the ordinary interest on P1500.50 for 182 days at 5.2%?
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