Answers

2016-01-03T09:17:49+08:00
First, we need to find the the Percentage. 
50 000 × .10 (10%) = 5 000

Then...
65 000 - 50 000 = 15 000

Then...
15 000 ÷ 5 000 = 3


Therefore, the answer to your question is 3 years. 
1 3 1
Clara put P15,000 savings account in January. Six months later, she put P20,000 more into the account. The interest rate is 6% per year. How much interest will be earned at the end of the year?
Can you help me with this?
  • Brainly User
2016-01-03T15:44:25+08:00
Simple Interest Formula:
Interest = Principal x Rate x Time
I = P × R × T

Given:
Interest = Gross Amount Paid - Principal Loan
             = 65,000 - 50,000
             = 15,000

Principal = 50,000
Rate = 10%  or  0.10
Time = ?

Equation:
I = P × R × T

15,000 = (50,000) (0.10) (T)

15,000 = 5,000 (T)

 \frac{15,000}{5,000} = \frac{5,000(T)}{5,000}

T = 3

The loan has a period of 3 years.



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