yhasmienerahaguilarr yhasmienerahaguilarr

18-04-2024
Mathematics

contestada

AJ borrowed Php 4,000 for 5 years at 6% simple interest rate. How much interest did he pay?

Respuesta :

olumideolawoyin olumideolawoyin

18-04-2024

Answer:

Interest paid = Php 1200

Step-by-step explanation:

[tex]i \: = \frac{prt}{100} [/tex]

where i = interest, p = 4000, r = 6%, t = 5.

[tex]i = \frac{4000 \times 6 \times 5}{100} = 40 \times 30 = 1200[/tex]

Interest paid = Php 1200

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