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Simple Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% simple interest rate per year. Simple Interest Amount after t years (Maturity Value) Time(t) Principat Solution Answer 10000 10000*0.02*1 200 10000 + 200 = 10200 2. 10000 10000*0.02 2 400 10000 + 400 = 10400 3 10000 10000 0.02 3 600 10000 + 600 =10600 4 10000 10000*0.02 4 800 10000 + 800 =10800 10000 10000 0.02 5 10000 + 1000= 11000 1000 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% simple interest rate per year.

Simple Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% simple interest rate per year. Simple Interest Amount after t years (Maturity Value) Time(t) Principat Solution Answer 10000 10000*0.02*1 200 10000 + 200 = 10200 2. 10000 10000*0.02 2 400 10000 + 400 = 10400 3 10000 10000 0.02 3 600 10000 + 600 =10600 4 10000 10000*0.02 4 800 10000 + 800 =10800 10000 10000 0.02 5 10000 + 1000= 11000 1000 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% simple interest rate per year.

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 5P
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The learner illustrates Simple Interest (M11GM-Ila-1) Simple Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% simple interest rate per year. Time(t) Principat Simple Interest Amount aftert years (Maturity Value) Solution Answer 1 10000 10000*0.02*1 200 10000 + 200 = 10200 10000 10000*0.02*2 400 10000 + 400 = 10400 3 10000 0.02 3 10000 600 10000 + 600 = 10600 4. 10000 10000*0.02*4 800 10000 + 800 = 10800 10000 10000 0.02*5 1000 10000 + 1000 = 11000 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% simple interest rate per year.
Transcribed Image Text:The learner illustrates Simple Interest (M11GM-Ila-1) Simple Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% simple interest rate per year. Time(t) Principat Simple Interest Amount aftert years (Maturity Value) Solution Answer 1 10000 10000*0.02*1 200 10000 + 200 = 10200 10000 10000*0.02*2 400 10000 + 400 = 10400 3 10000 0.02 3 10000 600 10000 + 600 = 10600 4. 10000 10000*0.02*4 800 10000 + 800 = 10800 10000 10000 0.02*5 1000 10000 + 1000 = 11000 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% simple interest rate per year.
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