Question

1. A planters corporation is lending its planters Php5,000.00

for an interest of 10% per annum. How much
interest will be paid by the planters after two and
a half years?

Answer 1

Explanation:

Interest = p ×R/100 × T

=5000×10/100× 2½ h

=1250

So answer is 1250.. hope it helps