document.write( "Question 1175038: a businessman invests an amount of Php 300,000 in a bank,the simple interest is Php 365,000 for 5 years. what interest rate is applied by the bank?
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Algebra.Com's Answer #800648 by MathTherapy(10552) $\"\"$ $\"About$

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a businessman invests an amount of Php 300,000 in a bank,the simple interest is Php 365,000 for 5 years. what interest rate is applied by the bank?
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Simple Interest (SI) = PTR
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document.write( "365,000 = 300,000(5)R ----- Substituting 365,000 for SI, 300,000 for P, and 5 for T
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document.write( "Interest rate, or 
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document.write( "I agree with you 100%, Tutor @IKLEYN! I know students who're completely CONFUSED and who have chosen to request that certain people on here 
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document.write( "(don't need to name names) not answer their post(s).
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document.write( "Why even calculate the accumulated amount, although it's just adding the 2 given numbers? It makes ABSOLUTELY no sense! \n" );
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