SOLUTION: A casette recorder for P5,600 is to be paid by equal installments for one year. If the rate of interest is 20% simple interest per annum, how much is the monthly installment?

Question 1190417: A casette recorder for P5,600 is to be paid by equal installments for one year. If the rate of interest is 20% simple interest per annum, how much is the monthly installment?
Answer by ikleyn(52792) (Show Source): You can put this solution on YOUR website!
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A casette recorder for P5,600 is to be paid by equal installments for one year.
If the rate of interest is 20% simple interest per annum, how much is the monthly installment?
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It is   =  =  = 560.    ANSWER

Solved.

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