=P(1+rt)=5000[1+(0.09)(3)]=6350 So, the amount of money after 3 years is Php 6350=P(1+rt)=5000[1+(0.09)(3)]=6350 So, the amount of money after 3 years is Php 6350
Asked by xy2xcurato
Answer (1)
Answer:I = Prt = 5000(0.09)(3) = ₱1,350A = P + I = 5000 + 1,350 = ₱6,350Or directly: A = P(1 + rt) = 5000[1 + (0.09)(3)] = ₱6,350