4. Jonar deposited P4,000.00 in the bank with an interest rate of 2% per
year. How much interest will it have after 2 years?
A. P140.00
B. P150.00
C. P160.00
D. P170.00
year. How much interest will it have after 2 years?
A. P140.00
B. P150.00
C. P160.00
D. P170.00
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Answer:
C
Step-by-step explanation:
Php 4k
1% interest = 40 PHP × 2 = 80 PHP
80 PHP × 2 = 160 PHP