1) Angel deposited ₱20,000 in a bank that pays 0.5% simple interest in 6 years. Give the value of P. a) 2,000 b) 20,000 c) 6 2) Angel deposited ₱20,000 in a bank that pays 0.5% simple interest in 6 years. Give the value of r. a) 5 b) .5 c) .05 3) Angel deposited ₱20,000 in a bank that pays 0.5% simple interest in 6 years. Give the value of t. a) 2 b) 5 c) 6 4) Angel deposited ₱20,000 in a bank that pays 0.5% simple interest in 6 years. How much will be the simple interest? a) 60 b) 600 c) 6,000 5) Angel deposited ₱20,000 in a bank that pays 0.5% simple interest in 6 years. How much will be the future value? a) 26,000 b) 260,000 c) 266,000

Simple Interest

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