Answer:
b. PHP 31,250.00
Step-by-step explanation:
Simple interest = principal × rate × time
Principal = PHP 25,000
Rate = 2.5%
Time = 10 years
Simple interest = principal × rate × time
= PHP 25,000 × 2.5% × 10
= 25,000 × 0.025 × 10
= 6,250
Simple interest = PHP 6,250
Investment after 10 years = principal + simple interest
= PHP 25,000 + PHP 6,250
= PHP 31,250
Investment after 10 years = PHP 31,250
