Use simple interest to find the ending balance. 1.) Php 34,100 at 4% for 3 years 2.) Php 210 at 8% for 7 years 3.) Php 4,000 at 3% for 4 years 4.) Php 20,600 at 8% for 2 years 5.) Php 14,000 at 6% for 9 years 6.) Php 2,300 at 7% for 9 years 7.) Php 43,800 at 4.8 for 2 years 8.) Php 35, 800 at 8.2% for 3 years 9.) Php 7,400 at 10.5% for 4 years 10.) Php 1,900 at 5.9% for 2 ¾ years
Answers & Comments
Answer:
Using the formula P(1+rt), where P is the principal, r is the interest rate and t is the time in years, the ending balance for Php 34,100 at 4% for 3 years is Php 35,644.
Using the formula P(1+rt), the ending balance for Php 210 at 8% for 7 years is Php 364.60
Using the formula P(1+rt), the ending balance for Php 4,000 at 3% for 4 years is Php 4,120
Using the formula P(1+rt), the ending balance for Php 20,600 at 8% for 2 years is Php 22,496
Using the formula P(1+rt), the ending balance for Php 14,000 at 6% for 9 years is Php 21,940
Using the formula P(1+rt), the ending balance for Php 2,300 at 7% for 9 years is Php 3,441.00
Using the formula P(1+rt), the ending balance for Php 43,800 at 4.8% for 2 years is Php 45,824.64
Using the formula P(1+rt), the ending balance for Php 35,800 at 8.2% for 3 years is Php 42,738.36
Using the formula P(1+rt), the ending balance for Php 7,400 at 10.5% for 4 years is Php 10,719
Using the formula P(1+rt), the ending balance for Php 1,900 at 5.9% for 2 ¾ years is Php 2,096.88
Step-by-step explanation: