4. How long in years will it take for ₱17,300.00 to amount to ₱20,000.00 at 11.25%
simple interest?
Solution:
Given:
P= ₱17,300.00 ;
F= ₱20,000.00 ;
r = 11.25% or 0.1125
Is= F-P
Is= ₱20,000.00 - ₱17,300.00
Is= ₱2,700
t=Is ÷ Pr
t=₱2,700 ÷ ₱17,300.00(0.1125)
t = 1.39 years
Therefore, it will take 1.39 years for ₱17,300.00 to amount to ₱20,000.00.
Please patulong po with solution thank you:-)
simple interest?
Solution:
Given:
P= ₱17,300.00 ;
F= ₱20,000.00 ;
r = 11.25% or 0.1125
Is= F-P
Is= ₱20,000.00 - ₱17,300.00
Is= ₱2,700
t=Is ÷ Pr
t=₱2,700 ÷ ₱17,300.00(0.1125)
t = 1.39 years
Therefore, it will take 1.39 years for ₱17,300.00 to amount to ₱20,000.00.
Please patulong po with solution thank you:-)
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Answer:
t = 1.39 years
Step-by-step explanation:
Same answer.
A = P [ 1 + r t ]
20,000 = 17,300 [ 1 + 11.25% ( t ) ]
20,000 = 17,300 + 1,946.25 t
20,000 - 17,300 = 1,946.25 t
2,700 = 1,946.25 t
t = 2,700/1,946.25
t = 1.387283237
t = 1.39 years