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Math

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mr bareto earned P501.25 for his deposit. if it was placed for 1 year at 5% rate of interest. how much was his original deposit

Sagot :

Анонимid Анонимid

Percentage (Earned from deposit)= Rate of interest × Base (Original Deposit)

Base = Percentage ÷ Rate of interest (convert to decimal)

Base = 501.25 ÷ .05

Base = Php 10, 025.

The original deposit was Php 10,025

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