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In Math / Junior High School | 2024-09-04

how much interest is earned on 6,200 peso at 4% for one year

Asked by yhasmineanonuevo

Answer (1)

Answer:Here's how to calculate the interest: - Formula: Interest = (Principal * Rate * Time) / 100- Principal: 6,200 pesos- Rate: 4%- Time: 1 year Calculation: Interest = (6200 * 4 * 1) / 100Interest = 248 Answer: You would earn 248 pesos in interest.

Answered by imyourprotector27 | 2024-09-04