Answer to Question #210475 in Economics of Enterprise for giss

Question #210475

Mr. Dee Jay borrowed money from the bank and he received the amount of P18,420 and promised to repay P20,000 at the end of 10 months. Determine the rate of simple interest.

Expert's answer

r=10.29

Learn more about our help with Assignments: Economics of Enterprise

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Find at least two online ads for systems analysts and list the employers, the qualifications, and th
2. Discuss in detail about the effect of tariff on a large country and developing country.
3. The forecast is underpinned by the ability of the internet to replace the conventional international
4. Discuss in detail about the effect of tariff on a large country and developing country.
5. When businesses produce goods and services that consumers do not want
6. What is the significance of price elasticity of demand to a producer
7. Why is price discrimination not possible under perfect market conditions