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find the simple interest on a loan of 85,000 if the loan is given a rate of 4% and is due 6 years and 4 months​

Sagot :

✒ SIMPLE INTEREST

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

  • find the simple interest on a loan of 85,000 if the loan is given a rate of 4% and is due 6 years and 4 months

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

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

[tex]\large\tt\green{\:\:\:\:\:\:\:\:\:Php\:21, 760.00}[/tex]

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

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

[tex]\bold{Formula:} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \boxed{\rm{S.I. = (P × R× T)}} [/tex]

  • [tex]\large\tt{S.I. = 85,000×0.04×6.4}[/tex]
  • [tex]\large\tt{S.I. = 85,000×0.256}[/tex]
  • [tex]\large\tt\green{S.I. = 21,760}[/tex]

[tex]\because[/tex] the simple interest on a loan of 85,000 is Php 21,760.00

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

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