joshuamansanades joshuamansanades
  • 25-09-2017
  • Mathematics
contestada

When invested at an annual rate of 5%, an amount earned Php 15,000.00 of simple interest in 2 years. How much money was initially invested?

Respuesta :

Аноним Аноним
  • 02-10-2017
Given:
r = 8% = 0.05, simple interest rate
t =  2 years, duration
A = 15,000.00, value after 2 years

Let P = principal, the amount invested.
Then 
P(1+ 2*0.05) = 15000
P = 15000/1.1 = 13636.36

Answer: Php 13,636.36

Answer Link

Otras preguntas

Circle the preposition in these sentences We were exhausted because our flight arrived at 4am.
As the Civil War drew to a conclusion, the chief concern of Republicans in Congress was that
can you please help me please
how did Thomas Edison contribute to the Industrial Revolution
What are the adaptive immune responses induced following acute and chronic infection with HIV?
in a beauty contest, half of the judges voted for miss.a .2\3 of them voted for miss.b., 10 voted for both and 6 did not vote for either miss.a or miss.b.find h
How are vibrations different between bigger sizes rubber bands and smaller sized rubber bands?
Lexington County Army Air Base in Columbia South Carolina bears the distinction of being one of the training sites for A) the Tuskegee Airmen. B) Doolittle
Question 16 of 20 Select the best answer for the question. 16. Which of these federal policing agencies is part of the U.S. Department of the Treasury?
Rulers of the Zhou dynasty established the Mandate of Heaven to ________.