Leonelrabo5idn
Answered

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philip bonus borrowed 15000 pesos for 2 years and 6 months with simple interest at 9% how much does he own at the end of the time

Sagot :

UK2019idn

✏️INTEREST

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[tex]\underline{\mathbb{PROBLEM:}}[/tex]

  • Philip Bonus borrowed 15,000 pesos for 2 years and 6 months with simple interest at 9%. How much does he own at the end of the time?

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[tex]\underline{\mathbb{ANSWER:}}[/tex]

[tex]\qquad\LARGE\rm»\:\: \green{2\text,700 \: pesos}[/tex]

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[tex]\underline{\mathbb{SOLUTION:}}[/tex]

- Determine what are the given.

  • [tex]P = 15\text,000[/tex]
  • [tex]r = 9\% = 0.09[/tex]
  • [tex]t = 2[/tex]
  • [tex]I = \:? [/tex]

- Using the Simple Interest Formula to find his own money at the end of the time.

[tex] \begin{aligned}& \bold{\color{lightblue}Formula:} \\& \boxed{I = P\cdot R\cdot T } \end{aligned}[/tex]

  • [tex]I = 15\text,000\cdot 0.09\cdot 2[/tex]

  • [tex]I = 15\text,000\cdot 0.18[/tex]

  • [tex]I = 2\text,700[/tex]

[tex]\therefore[/tex] Philip earn 2,700.00 pesos at simple interest.

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