Father borrowed ₱60 000 from a bank for one year charged ₱3 000 interest. What is the interest rate?
Share
Father borrowed ₱60 000 from a bank for one year charged ₱3 000 interest. What is the interest rate?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
5% interest rate
Step-by-step explanation:
5% = 3,000
100÷5=20
3,000×20 = 60,000
Answer:
i think 20???
Step-by-step explanation:
im just grade 4