Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
Find the exact simple interest (365-day year) on ₱22,000 at 12% for 90 days.
- ₱660
- ₱237,600
- ₱650.96
- ₱2,640
Answer
C. ₱650.96
Solution
I = ₱22,000 × 0.12 × 90/365 = ₱650.96.
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