Civil Service Exam Reviewer · Simple Interest and Profit/Loss · easy
What is the simple interest on ₱69,000 at 7% per year for 3 years?
- ₱83,490
- ₱4,830
- ₱14,490
- ₱1,449,000
Answer
C. ₱14,490
Solution
I = Prt = ₱69,000 × 0.07 × 3 = ₱14,490.
More Simple Interest and Profit/Loss questions
- An item costing ₱2,940 is sold for ₱3,528. What is the percent profit based on cost?
- Find the simple interest on ₱8,000 at 12% per year for 3 months.
- An old laptop bought for ₱1,860 was sold for ₱1,715. How much was the loss?
- A vendor buys a bag for ₱1,350 and sells it for ₱1,510. How much is the profit?
- ₱9,000 is deposited at 6% simple interest per year. How much will it amount to after 2 years?
- What is the simple interest on ₱100,000 at 8% per year for 5 years?
- A lender charges 10% simple interest PER MONTH. If Vic borrows ₱6,000 for 3 months, how much must be repaid in total?
- A manufacturer sells a fan to a wholesaler at 10% profit, the wholesaler sells to a retailer at 10% profit, and the retailer sells to a…
- The cost price of 27 items equals the selling price of 24 items. What is the percent profit?
- Two phones were each sold for ₱13,500. One was sold at a 40% gain and the other at a 40% loss (both on cost). What was the overall result?