cristel162805 cristel162805

25-06-2021
Mathematics

contestada

Find the simple interest on a loan of ₱65,000.00 if the loan is given at a rate of 2% and is

due in 5 years and 3 months?

Respuesta :

Ritmeks Ritmeks

30-06-2021

Answer:

6,825

Step-by-step explanation:

The principlal is #65,000

Rate, = 2%

= 2/100

= 0.02

Time= 5+0.25

= 5.25

Simple interest= 65,000×0.02×5.25

= 6,825

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