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Find the simple interest rate

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Question -

a. Calculate the future value of P15,000 earning 15% interest, compounded monthly for 5 years.

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

c. 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: EM133041707

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