Asked by joan_asap
An investment earned interest of Php2,100 at the end of 3 years. How much was initially invested at 8% simple interest?
Answers
Answered by
Reiny
Use
I = PRT
2100 = p(.08)(3)
2100 = .24P
P = 2100/.24 = 8750
I = PRT
2100 = p(.08)(3)
2100 = .24P
P = 2100/.24 = 8750
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