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Find the simple interest rate

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Problem 1: calculate the future value of P15,000 earning 15% interest, compounded monthly for 5 years.

Problem 2: The maturity value of a 10 month loan of 12,000 is 14,075.00. What is the simple interest rate.

Problem 3: Mr. tan plans to buy a dining set from department store which cost P18,000.00.The loan charges P3,000 interest in 8 months.Find the simple interest rate

Reference no: EM132944706

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