We know that,
Interest =
Amount = principal + interest
Amount = 20, 000+ 8000 = Php 28,000
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Answers & Comments
We know that,
Interest =![\:\tt\frac{p \times r \times t}{100} \:\tt\frac{p \times r \times t}{100}](https://tex.z-dn.net/?f=%20%5C%3A%5Ctt%5Cfrac%7Bp%20%5Ctimes%20r%20%5Ctimes%20t%7D%7B100%7D%20)
Interest =![\: \tt \frac{20000 \times 8 \times 5}{100} \: \tt \frac{20000 \times 8 \times 5}{100}](https://tex.z-dn.net/?f=%20%20%5C%3A%20%5Ctt%20%5Cfrac%7B20000%20%5Ctimes%208%20%5Ctimes%205%7D%7B100%7D%20)
Interest =![\:\tt php \:8000 \:\tt php \:8000](https://tex.z-dn.net/?f=%20%5C%3A%5Ctt%20%20php%20%5C%3A8000)
Amount = principal + interest
Amount = 20, 000+ 8000 = Php 28,000