regineeclarinal01 regineeclarinal01
  • 12-01-2021
  • Mathematics
contestada

How much money will you have after 4 years if you deposited P10,000 in a bank that pays 6% simple interest?

Respuesta :

mhanifa
mhanifa mhanifa
  • 21-01-2021

Answer:

  • P12400

Step-by-step explanation:

  • Deposit = P 10000
  • Interest rate = 6% simple per year
  • Time = 4 years

Total in 4 years:

  • 10000*(1 + 4*6/100) =
  • 10000*1.24 =
  • 12400

After 4 years the amount is P 12400

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