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Популярное Word Problems >

A man borrows PhP 5 500 for 3 years at a rate of 8% per annum. How much simple interest does he need to pay at the end of 3 years

Решение

A man b orro w s P h P 5500 f or 3 ye a rs a t a r a t e o f 8% p er ann u m . Ho w m u c h s im pl e in t eres t d oes h e n ee d t o p a y a t t h e e n d o f 3 ye a rs

Решение

Interest : 1320

Шаги решения

Translate the problem into an equation:

I = 5500 \cdot 0.08 \cdot 3

Упростите

I = 5500 \cdot 0.08 \cdot 3

Interest : 1320

Популярные примеры

James invests 15,000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?what sum would accumulate to \5,250 in 8 years at 9% simple interest how long will an amount of Php 20000 earn a simple interest of Php 3000 if the interest rate is 6% per year Pamela invested ₱20,000 at 8% simple interest for 10 years. How much is the interest earned by Pamela in 10 years?Jeff takes out a \dollar1,200 loan for five years with an interest rate of 8%. How much interest will be due at the end of five years?