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misseylaLv10
10 Jul 2022
A man borrowed P2000 from a bank and promise to pay the amount for 1year. He
received only the amount of P1,920 after the bank collected an advance interest of P80.
What was the rate of discount and the rate of interest that the bank collected in advance?
A man borrowed P2000 from a bank and promise to pay the amount for 1year. He
received only the amount of P1,920 after the bank collected an advance interest of P80.
What was the rate of discount and the rate of interest that the bank collected in advance?
5
answers
1
watching
310
views
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evangelistaLv10
12 Nov 2023