Question

When invested at an annual interest rate of 4%, an amount earned of Php 10,200 of simple interest in 230 days. How much is the future value?​

Answer 1

we know that 1 year =365 days

so,230/365=46/73

now,

we know that si = p*r*t/100

=10200*4*46/100*73

= 257.09 ans