Probability and Statistics. thank you! The learner illustrates Simple Interest (M11GM-Ila-1)Simple InterestYou received an amount of Php10000 and you plan to invest it for 5 years. A bank offers2% simple interest rate per year.Time(t)PrincipatSimple InterestAmount aftert years(Maturity Value)SolutionAnswer11000010000*0.02*120010000 + 200 = 102001000010000*0.02*240010000 + 400 = 10400310000 0.02 31000060010000 + 600 = 106004.1000010000*0.02*480010000 + 800 = 108001000010000 0.02*5100010000 + 1000 = 11000Answer these:Just follow the flow of solution from example above. Just change the red font value. Usetable for your answer.You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3%simple interest rate per year.

Interests are of two types: Simple interest and Compound interest. Simple interest applies on the…

Simple Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% simple interest rate per year. Simple Interest Amount after t years (Maturity Value) Time(t) Principat Solution Answer 10000 10000*0.02*1 200 10000 + 200 = 10200 2. 10000 10000*0.02 2 400 10000 + 400 = 10400 3 10000 10000 0.02 3 600 10000 + 600 =10600 4 10000 10000*0.02 4 800 10000 + 800 =10800 10000 10000 0.02 5 10000 + 1000= 11000 1000 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% simple interest rate per year.