Answered

If the present value is ₱42,000.00, rate is 10%, time is 3 years, what is the value of the simple interest?

Sagot :

Gonzalesjowel979viz

Answer:

12,600 PESOS

Step-by-step explanation:

PRINCIPAL = 42,000 PESOS

RATE = 10% OR 0.1%

TIME = 3 YEARS

42,000 PESOS × 0.1% = 4,200 PESOS

4,200 PESOS × 3 YEARS = 12,600 PESOS