Answer:
Php 6500
Step-by-step explanation:
Assuming simple interest, the value after 2 years is ...
A = P(1 +rt) . . . . . value of loan of principal P at annual rate r for t years
A = 5000(1 +0.15·2) = 5000(1.30) = 6500
The maturity value will be Php 6500.
