Answered

What amount must be repaid on May 1, 2018, if Php 4,000 is borrowed on May 1, 2014 at 6.25% simple interest?

Sagot :

Clemintinekhorid

Answer:

Php 5,000

Step-by-step explanation:

Use the formula A = P(1 + rt)
A = 4000(1 + (6.25% * 4) )
A = 4000(1 + (0.0625 * 4 )
A = 4000(1 + 0.25)
A = 4000(1.25)
A = 5000