Compute for the interest and amount.
Principal Rate of Interest Time Interest Amount
P6 000 15% 2 years P P
P2 500 12% 6 months P P
P3 050 10% 2 ½ years P P
P12 900 20% 5 years P P
P24 000 8% 18 months P P
Principal Rate of Interest Time Interest Amount
P6 000 15% 2 years P P
P2 500 12% 6 months P P
P3 050 10% 2 ½ years P P
P12 900 20% 5 years P P
P24 000 8% 18 months P P
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Step-by-step explanation:
PRINCIPAL = 6,000 PESOS
RATE = 15% OR 0.15%
TIME = 2 YEARS
6,000 PESOS × 0.15% = 900 PESOS
900 PESOS × 2 YEARS = 1,800 PESOS
PRINCIPAL = 2,500 PESOS
RATE = 0.12%
TIME = 6 MONTHS
2,500 PESOS × 0.12% = 3,000 PESOS
3,000 PESOS × 6 MONTHS = 18,000 PESOS
PRINCIPAL = 3,050 PESOS
RATE = 10% OR 0.1%
TIME 2 1/2 YEARS
3,050 PESOS × 0.1% = 305 PESOS
305 PESOS × 2 1/2 YEARS = 762 PESOS AND 5 CENTAVOS
PRINCIPAL = 12,900 PESOS
RATE = 20% OR 0.2%
TIME = 5 YEARS
12,900 PESOS × 0.2% = 2,580 PESOS
2,580 PESOS × 5 YEARS = 12,900 PESOS
PRINCIPAL = 24,000 PESOS
RATE = 8% OR 0.08%
TIME = 18 MONTHS
24,000 PESOS × 0.08% = 1,920 PESOS
1,920 PESOS × 18 MONTHS = 34,560 PESOS