# At what rate should the amount of Php3,000 be invested to earn a simple interest of Php450 annually?

2
by alyssabodomo

2015-05-20T21:17:58+08:00

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Therefore the rate is 0.15*100=15%
2015-05-21T14:24:04+08:00

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To get the percentage, divide the interest by the amount, simply:

P 450 divided by P 3000 is 0.15

changing to percentage, decimal multiplied by 100, simply:

0.15 x 100 =15%

Hope this helps =)