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Mr. White invested his P260,000 in a bank that offered her 5% simple interest rate. How much will be the interest of his money after a year?​

Mr. White invested his P260,000 in a bank that offered her 5% simple interest rate. How much will be the interest of his money after a year?​
asked 189k views
22 votes
Mr. White invested his P260,000 in a bank that offered her 5% simple interest rate. How much will be the interest of his money after a year?​

asked
User Chrisarton
by
8.5k points

1 Answer

14 votes

Answer:

273684.210526

Explanation:

260000 / .95 = 273684.210526

answered
User Christian Rolle
by
8.3k points
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