determine the simple interest for these loans?. Php450 at 7% for 2 years
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determine the simple interest for these loans?. Php450 at 7% for 2 years
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Answer:
P63 - interest earned after 2 years
Step-by-step explanation:
I=Prt
I = (P450)(0.07)(2)
I = P31.50(2)
I = P63
P450 + P63 = P513