17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have ₱48,200.00 at the end of the term, what must be his principal?
a. ₱33,241.38 b. ₱32,251.62 c. ₱33,140.05 d. ₱32,265.48
17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have ₱48,200.00 at the end of the term, what must be his principal?
a. ₱33,241.38
b. ₱32,251.62
c.₱33,140.05
d. ₱32,265.48
2 votes Thanks 2
villaflores097
why though? need solution or just explain me in words
Answers & Comments
ANSWER:
17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have ₱48,200.00 at the end of the term, what must be his principal?
a. ₱33,241.38
b. ₱32,251.62
c. ₱33,140.05
d. ₱32,265.48
Answer:B
Step-by-step explanation: