Grace invested ₱50000 at 8% per annum. How much interest will she earn after 6 years???
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Grace invested ₱50000 at 8% per annum. How much interest will she earn after 6 years???
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Answer:
₱24000
Step-by-step explanation:
Grace will earn ₱24000 as interest after 6 years. You can calculate it using the formula:
I = P * R * T
Where:
I = Interest
P = Principal (₱50000)
R = Interest rate (8%)
T = Time (6 years)
So,
I = 50000 * 0.08 * 6 = ₱24000
Answer:
24000
Step-by-step explanation:
80x50=4000 in 1 year
4000x6=24000 in 6 years