A Promissory Note States That Maria Elena Victorio Will Pay Liza Montreal The Amount Of…

A promissory note states that Maria Elena Victorio will pay Liza Montreal the amount of $15000with a simple interest of 6% per year 200years. How much interest should Maria Elena pay? (Assume that there are 365 days in a year.)​

[tex]\large\color{skyblue}{ \boxed{\tt{Answer:}}}[/tex]

[tex] \color{lightgreen}\tt \: Maria \: \: Elena \: \: will \: \: pay \: \: \\ \color{lightgreen}\tt Php 65 \: 700 \: 000 \: \: interest. \\ \\ \\ [/tex]

[tex] \color{lightpink} \tt \: Solution:\\ \\ \tt I = P × R × T \\ \tt = 15 \: 00 0\times 6\% \times 200 \\ = \tt15 \: 000 \times 0.06 \times 200 \\ \tt = 180 \: 000 \\ \\ \tt 1800 \times 365 = \color{yellowgreen}{65 \: 700 \: 000} \\ \\ [/tex]

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