Question

Complete it. Principal Php28,000.00 Rate of Interest per annum 0.6% Time 5 years Interest ______ New Balance ______

Answer 1

Answer:

Hi bro here is your answer

Step-by-step explanation:

In simple interest

it is 28,000+ (28000×0.6×5)/100

=28,000+840

=28,840/-

In case of compound interest

it is 28,000(1+0.6/100)⁵

=28,850.14/-

hope this helps you.

Answer 2

Answer:

$28850.14 \\ \\ \\ hope \: its \: help \: you$