how much is the interest of Php 300.00 at 12% per annum at the end of 2 years
A. Php 36.00
B. Php 72.00
C. Php 12.00
D. Php 372.00
with explanation.
nonsense answer || reported.
A. Php 36.00
B. Php 72.00
C. Php 12.00
D. Php 372.00
with explanation.
nonsense answer || reported.
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B. Php 72.00
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I = p × r × t
I = Interest (N)
P = money borrowed or invested (Php 300.00)
R = Annual rate of interest (12% or 0.12)
T = the length of time you borrowed or invest (2 years)
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