2. If Gemmalyn has P40,000.00 in her savings account and the rate of interest is 4% a
year, how much interest does her money earn? How much money will he have in all?
year, how much interest does her money earn? How much money will he have in all?
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Answer:
Php. 41,600
Step-by-step explanation:
Interest = Principal x Rate x Time
I = Php. 40,000 x 4% or .04 x 1
I = Php. 1,600
Total = Principal + Interest
= Php. 40,000 + Php. 1,600
= Php. 41,600