Calistarhodeviz
Answered

Find the simple interest and maturity value of P186,000 at 5% for 7 years.
(With solutions sana)




(Correct Answer = Brainliest)
(Wrong Answer = Report)

PLEASE HELP. THANKS!
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Sagot :

Icexxviz

Answer:

Php 48222.222

Step-by-step explanation:

For Simple Interest,

F = P + I

F = P + Prt

F = P(1+rt)

186000 = P(1+0.05(7))

P = 137777.7778

Solving for (simple) interest:

I = F - P

I = 186000 - 137777.7778

I = 48222.222