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Angel Invested a certain amount at 8% simple interest per year. After 6 years, the interest she received amounted to ₱48,000. How much did she invest?

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Solution:

P = ₱48,000 R = 8% or 0.08 t = 6 years

[tex]I_s= PRT\\I_s= (48000)(0.08)(6)\\I_s=23040.00[/tex]

Therefore, Angela Invested ₱23,040.00

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