Answer to Question #268535 in Financial Math for Ayana

Question

How much interest will be added to Php75,000 at 2.25% due at the end of 9 months?

Answer 1

$I=\frac {PRT} {100}$

$I=\frac {75,000×2.25×0.75}{100}$

$I=\frac {126,562.5} {100}$

$I=Php1265.63$