Hopedumaguingviz
Answered

2. How long will P40,000 amount to P51,200 if the simple interest rate is at 12% per annum? A. 2 years and 1 month C. 2 years and 4 months B. 1 year and 8 months D. 3 years and 2
months​

Sagot :

Krielly10viz

Answer:

C

Step-by-step explanation:

Interest 51,200 - 40,000= 11,200

Time = (I x100)/(P x R)=(11,200 x 100)/40000 x 12

= 7/3 or 2 years and 4 months