BRIANBOLLOS1988IN BRIANBOLLOS1988IN

Math

Answered

If an entrepreneur applies for a loan amounting P100,000 in a bank, the simple interest of
which is P6,000 for 3 years, what interest rate is being charged?
A. 6%
B. 4%
C. 3%
D .2%

Sagot :

UNNIEYANESIN UNNIEYANESIN

A, 6% is the correct answer:>

Answer Link

TOMBANIAGAIN TOMBANIAGAIN

Answer:

A

Step-by-step explanation:

6000/100000 = 0.06

0.06 x100% = 6%

Answer Link

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