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Susansipat76go
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3. Simple Interest (5 points) Salvie has Php25 000 in her savings account. If the rate of interest is 5% a year, how much interest will her money earn? How much money will she have in all? Interest Principal x Rate of interest x Time Total Amount Principal + Interest​

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Hanimeyago

✒ SIMPLE INTEREST

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Problem:}[/tex]

  • Salvie has Php 25 000 in her savings account. If the rate of interest is 5% a year, how much interest will her money earn? How much money will she have in all?

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Answer:}[/tex]

[tex]\huge\tt\purple{ \:\:\:\:\:Php\:1, 250.00}[/tex]

[tex]\huge\tt\purple{ \:\:\:\:\:Php\: 26,250.00}[/tex]

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Solution:}[/tex]

» by Substituting the given values to the simple interest formula we have,

  • [tex]\large\tt{S.I. = P × R × T}[/tex]
  • [tex]\large\tt{S.I. = 25,000(0.05) (1) }[/tex]
  • [tex]\large\tt{S.I. = 25,000(0.05) }[/tex]
  • [tex]\large\tt\purple{S.I. = 1,250}[/tex]

[tex]\because[/tex] Salvie will earn Php 1,250.00 a year at a simple interest.

» Solving for the total amount we have,

  • [tex]\large\tt{A = P + I}[/tex]
  • [tex]\large\tt{A = 25,000 + 1,250}[/tex]
  • [tex]\large\tt\purple{A = 26,250}[/tex]

[tex]\because[/tex] Salvie's total amount will be Php 26,250.00

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

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