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Find the interest earned after 3 years if Php 12,000 is deposited in a savings account which earns 5% simple interest. ​

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Answer:

Php 1, 800

Step-by-step explanation:

Let, the interest earned on the principal of 12,000 be ‘I’, at the rate of 5% p. a in 3 years.

Now, I = 12,000*5*3/100 = 1800.

So, the interest earned = 1800. (answer)

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