When invested at an annual rate of 8%, an amount earned Php 24,000.00 of simple interest in 18 months.

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Mitch
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When invested at an annual rate of 8%, an amount earned Php 24,000.00 of simple interest in 18 months.

Wed Jan 02, 2019 11:50 pm

When invested at an annual rate of 8%, an amount earned Php 24,000.00 of simple interest in 18 months. How much money was initially invested?

The answer is: 200000


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