🎓 Academic Word problem

[4SMODEUS]

Mang Canor borrowed money to start a business. The bank told him that he
has to pay a simple interest of 5% for 6 months on the amount he borrowed.
If Mang Canor borrowed P10,000, how much interest does he have to pay on
the 6th month? How much is the total amount he has to pay on the 6th month?

Any tips naman para masagutan Ng mabilos Yung gantong problem

 

[W E N Z]

Kung per month ang 5% 13000
Kung per 6months 10500

 

[God Kent]

Depende po if simple or compounded type of interest.
If simple:
I = Prt
I is interest
P is principal
r is rate
t is time (12 base or 1 year)

10,000 x 5% x 6/12
250 interest per month.
250 x 6 months = 1500

Answer: 11,500

 

[God Kent]

If compounded:
I = Prt
1st month:
10,000 x 5% x 6/12
250 for first month. (accumulate)
2nd month:
10,250 x 5% x 5/12
213.54 for second month. (add sa 10250)

And so on po. ☺