3. Kardo deposited Php 6,500 in a simple interest account that pays 2.8% interest
annually. If Ben leaves the money in the account for 12 years, how much
interest will he earn?
A. PhP 1,200 B. PhP 2,184.00 C. PhP 8,000 D. PhP 2,184.50
annually. If Ben leaves the money in the account for 12 years, how much
interest will he earn?
A. PhP 1,200 B. PhP 2,184.00 C. PhP 8,000 D. PhP 2,184.50
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Answer:
B. 2,184
Step-by-step explanation:
Multiply The Time And The Money.
Now Multiply The Simple Interest.
12x2.8=3.36
3.36x6500=2,184.00