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How long did take for the deposit to earn an interest

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Reference no: EM132812326

Problem 1: Benjamin deposited P600 in a saving account that pays 4% simple interest. How long did it take for his deposit to earn an interest of P72.

Problem 2: What amount was invested for 5 years at 2 ¼ % if it earned interest of P2,500?

Problem 3: At what interest rate will P15,000 earn an interest of P2,500 at 18 years?

Reference no: EM132812326

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