Answered

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At what rate should the amount of Php3,000 be invested to earn a simple interest of Php450 annually?

Sagot :

The answer is 15 
  Because you'll just divide Php450 by Php3000 make sure that the dividend or the no. inside is the Principal or Php3000 and if you got the decimal answer just move the decimal point two times to the right and you'll get 15%