Finding Simple Interest

John loaned/borrowed a money from the bank worth ₱20,000 with 10% interest rate. He will pay it after 2 years. How much is the interest?

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John loaned/borrowed a money from the bank worth ₱20,000 with 10% interest rate. He will pay it after 2 years. How much does he need to pay in all?

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Matthew deposited ₱100,000 in a bank that earns 2% interest rate yearly. If he will withdraw his deposit after 5 years, how did it earn?

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Matthew deposited ₱100,000 in a bank that earns 2% interest rate yearly. If he will withdraw his deposit after 5 years, how much will be his total savings?

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Luke invested his money in the stock market worth ₱500,000 that earns about 5% yearly. How much will be the interest after 10 years?

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Luke invested his money in the stock market worth ₱500,000 that earns about 5% yearly. After 10 years, how much will he receive in total?

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Principal= ₱100,000

Rate of Interest=5%

Time=7 years

*Solve for the INTEREST.

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Principal= ₱100,000

Rate of Interest=5%

Time=7 years

*Solve for the TOTAL AMOUNT.

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Principal= ₱30,000

Rate of Interest=2.5%

Time=3 years

*Solve for the INTEREST.

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Principal= ₱30,000

Rate of Interest=2.5%

Time=3 years

*Solve for the TOTAL AMOUNT.

REMINDERS:

1) Type your answers only.

2) No labels needed.