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5. Richard deposits P270,000 and got back an amount of P300,000 after a year. Find
the simple interest he got.​

Sagot :

Llanasmargiego

Answer:

Given:

Principal (P) = $ 5400

Amount (A) = $ 6000

We know that:

Simple Interest = Amount - Principal

That is:

\huge\boxed{\sf{SI = A - P}}

SI=A−P

Substituting the values,

We get:

\implies⟹ Amount - Principal

\implies⟹ 6000 - 5400

\implies⟹ 600

Therefore:

Richard got an interest of $ 600

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