Read the following problems then solve. write your answer on the blank
1.How much money did Mr.Deo Lagario to his bank account if at a year it earned an interest of Php 413.00 at 3.5 interest rate?_________
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i need now plss
1.How much money did Mr.Deo Lagario to his bank account if at a year it earned an interest of Php 413.00 at 3.5 interest rate?_________
2
3
4
5
i need now plss
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Step-by-step explanation:
Calculation:
Amount:Php 413.00
Interest (annual):Php 14.455
Solving our equation:
A = 413+(14.455) = 427.455
A = Php 427.46
The total amount accrued, principal plus interest, from simple interest on a principal of Php 413.00 at a rate of 3.5% per year for 1 year is Php 427.46.
Hope it Helps
Answer:
1,858.5
Step-by-step explanation:
(since the 3.5 is only the interesting rate and not the exact amount find first the exact amount of money the interest will be)
413x3.5= 1445.5
(now add the exact amount of the interest to the money you have)
1445.5+413=1,858.5