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: Harold deposited Php80,000 in the bank with 1.5% simple interest per annum. How much interest will his money earn after 3 years? *

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Sagot :

KizunaHighgo

SIMPLE INTEREST

Given

  • Principal Value (P) = Php 80,000
  • Interest Rate (R) = 1.5%
  • Time (T) = 3 years
  • Interest (I) = ?

I = PRT

I = (80,000)(0.015)(3)

I = (1200)(3)

I = Php 3600

[tex] \: [/tex]

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