Math, asked by mujahid211292, 8 months ago

Clint earned P1,155 in interest from his simple interest account over the last 5 years. The account pays 1.25% interest annually. How much did Clint originally deposit in his account?

Answers

Answered by RayeedZaman

1

Answer:

18480

Step-by-step explanation:

Use formula

I=PRT/100

ACCORDING TO THE CONDITION,

Originally deposited means principal amount

1155=P×1.25×5/100

P=1155×100/1.25×5

Therefore P = 18480

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