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Find the simple interest and future value

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Problem 1: Miller invested P15,250 for 10 years and received P9,150 in simple interest. What was the rate of that investment?

Problem 2: Nick borrowed P6000 at 9% simple interest fro 1 ½ years to repair his rice threshing-machine. Find the simple interest, future value, and equal monthly installments?

Reference no: EM132812322

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