1) At 8% interest a year, how much interest will a deposit of P4 000 earn after 2 years?
2) Ben borrowed P3 000 from a bank that gives 15% interest per annum. How How much money will he have paid the bank after 5 years?
please answer po I need it now
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✏️SIMPLE INTEREST
#1. Using the Interest Formula to find the total amount of interest.
The total amount of interest is P640.00
#2. Using this formula to find the total amount will have to paid in the bank after 5 years.
The total amount of money will he have to paid in the bank is P5,250.
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