The length of time it would take the given principal to become Php 8,000 is 8 years.
The formula that would be used to determine the length of time it would take Php 20000 to accumulate an interest of Php 8000 can be determined using this formula:
Time = Interest earned / (principal x interest rate)
8000 / (20,000 x 0.05)
= 8 years
To learn more about simple interest, please check: brainly.com/question/9352088?referrer=searchResults
