amy borrowed money from the lending company at 6% interest if she paid an interest of php450.00 after 19months how much money did she borrow

She borrowed php4737.00.

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.

After t years, the total amount of money is:

6% interest:

This means that

19 months:

An year has 12 months, so

She paid an interest of php 450. How much money did she borrow

This is P when . So

She borrowed php4737.00.

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step-by-step explanation:

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