Jordy7viz
Answered

Angel Invested a certain amount at 8% simple interest per year. After 6 years, the interest she received amounted to ₱48,000. How much did she invest?

Sagot :

Kervy747viz

Solution:

P = ₱48,000  R = 8% or 0.08  t = 6 years  

[tex]I_s= PRT\\I_s= (48000)(0.08)(6)\\I_s=23040.00[/tex]

Therefore, Angela Invested ₱23,040.00

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