Question 1181662
PhP 415,000 increase to PhP 500,000 in 3 years?

Principal P = PhP 415,000 

Amount (a) PhP 500,000 

Interest =  PhP 500,000-PhP 415,000 = 85000


 Time =3 years?

I = P*t*r

85000= 415000 * 3*r

85000/(415000*3) =r

0.068=> 6.8 %
in 3 years?