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Popular Word Problems >

what is the interest of P25.00 if invested at 4% Compound anually in 3 years

Solution

w ha t i s t h e in t eres t o f P 25.00 i f in v es t e d a t 4% C o m p o u n d an u a ll y in 3 ye a rs

Solution

Interest : 3.12

Solution steps

Translate the problem into an equation:

28.1216 = 25 + I

Solve for

I, 28.1216 = 25 + I : I = 3.12

Interest : 3.12

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