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Php 1500 is invested for 4 years at 5% per year simple interest. what is the value of the investment after this time?

1 Answer

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Final answer:

The value of the investment after 4 years is Php 1800.

Step-by-step explanation:

To calculate the value of an investment after a certain period of time with simple interest, you use the formula:

Total Value = Principal + (Principal * Interest Rate * Time)

Using the given information, we can substitute the values into the formula:

Total Value = Php 1500 + (Php 1500 * 0.05 * 4)

Total Value = Php 1500 + Php 300

Total Value = Php 1800

Therefore, the value of the investment after 4 years is Php 1800.

User Michael Damatov
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