Answered

What was tha annual rate of interest on a loan of Php.1,750 if the borrowers had to pay Php.1,925 comprising both loan and interest at the end of 1 year?

Sagot :

Julianpetrolaid
The answer is 625 is the interest at the end of the year i think its correct.....i wish
Daedalusid
since the rate is annual and he paid 1925 on the end of 1 year

1925-1750 =175

175/1750 = 0.10*100 = 10%

the interest rate is 10% :)