Simple Interest part III

Simple Interest part III
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  • Bank simple interest is 8%, Jack deposits  ₱10000 without withdrawal for 3 years
  • Let me explain how I solved this
  • = ₱ 2400 
  • =(10000)(0.08)(3)
  • Simple Interest
  • Bank simple interest is 8%, Jack deposits  ₱10000 without withdrawal for 3 years
  • = ₱ 2400 
  • =(10000)(0.08)(3)
  • P=is 10000 R=is the 8% or 0.08 T=3
  • Simple Interest
  • Then you multiply the following.
  • Ah... So that's how you do it
  • Bank simple interest is 8%, Jack deposits  ₱10000 without withdrawal for 3 years
  • = ₱ 2400 
  • =(10000)(0.08)(3)
  • And this is how you get the accumulated value
  • Simple Interest
  • Determine the future value of an investment of ₱2000 for 3 years at 8% simple interest 
  • = 480
  • prt=2000(3)(0.08)
  • I+prt=2000+480
  • =2480
  • Simple Interest
  • Determine the future value of an investment of ₱2000 for 3 years at 8% simple interest 
  • = 480
  • prt=2000(3)(0.08)
  • Then you get the sum of prt and I
  • =2480
  • I+prt=2000+480
  • First you get the product of prt
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