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Popular Word Problems >

At 5% simple interest, how much will P25,000amount to after 2 years?

Solution

A t 5% s im pl e in t eres t, h o w m u c h w i ll P 25, 000 am o u n t t o a f t er 2 ye a rs ?

Solution

Amount : 27500

Solution steps

Translate the problem into an equation:

A = 25000 (1 + 0.05 \cdot 2)

25000 (1 + 0.05 \cdot 2) = 27500

Amount : 27500

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