# Solution: What will be the future worth of P25,000 after 12 months?

(Last Updated On: January 10, 2020)

#### Problem Statement: ECE Board November 1998

What will be the future worth of money after 12 months, if the sum of P25,000 is invested today at simple interest rate of 1% per month?

• A. P30,000
• B. P29,000
• C. P28,000
• D. P27,859

The future worth of P25,000 after 12 months is P28,000.

Solution:

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