bernard burrows rm8889 at 15%per annum simple interest. he agrees to settle the loan by paying x ringgit, 2x ringgit and 3x ringgit in two months, five months and nine months respectively.find the value of x using the present as the focal date
8889=x(1+0.15*0.16)^_1+2x(1+0.15*0.416)^_1+3x(1+0.15*0.75) this is my solution.thank you for your time.
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