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Answered

3. Lika borrowed Php 50,000 for a period of 4 months what simple interest rate is being charge to he if the amount of money a that must she paid after 4 months is Php 54,000​

Sagot :

ICEXXGO

Answer:

24% annually or 2% monthly

Step-by-step explanation:

I = F - P

I = 54000 - 50000

I = 4000

I = Prt

4000 = 50000 r (4/12)

r=0.24

r = 24% annually

or

4000 = 50000 r (4)

r=0.02

r = 2% monthly

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