The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?
A3.92 %
B3.95 %
C3.98 %
D3.90 %
Correct answer
D. 3.90 %
Explanation
The correct answer is 3.90 %.
The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest? - Answer and Explanation | Academy of Pakistan