Ramil deposited ₱20,000.00 at 4% simple interest for 5 years. At the end of 5 years, his account contains ₱24,000Ramil deposited ₱20,000.00 at 4% simple interest for 5 years. At the end of 5 years, his account contains ₱24,000.00. Give the term for each value in relation to the problem.
1.₱20,000.00
2. ₱24,000.00
3. 4%
4.5 year