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how much will dan pay if he borrowed Php 2000 from Patrick with a simpleintercet of 12% after 6 years? 19

1 Answer

4 votes

Final answer:

Dan will pay Php 3440 after 6 years.

Step-by-step explanation:

To calculate the amount Dan will pay after borrowing Php 2000 from Patrick with a simple interest rate of 12% after 6 years, we can use the formula:

Amount = Principal + (Principal x Rate x Time)

Amount = 2000 + (2000 x 0.12 x 6)

Amount = 2000 + (1440)

Amount = Php 3440

Therefore, Dan will pay Php 3440 after 6 years.

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