What is the annual rate of interest if ₱265 is earned in four months of an investment of ₱ 15,000?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S
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What is the annual rate of interest if ₱265 is earned in four months of an investment of ₱ 15,000?
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