How many months will it take Php15,000 to earn Php56.25 at 1.5% simple interest rate?
SI=PRT100SI=\frac {PRT} {100}SI=100PRT
56.25=15,000×1.5×T10056.25=\frac {15,000×1.5×T}{100}56.25=10015,000×1.5×T
5625=22,500T5625=22,500T5625=22,500T
T=562522500T=\frac {5625}{22500}T=225005625
T=0.25
T=3 months
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