Loida is a sales specialist in a certain publication firm. Last year, she received P250 000.00
as her commission from sales. She deposited 80% of it in a savings bank with a monthly
interest of 2%. How much would her money be in 2 years?
PLS
as her commission from sales. She deposited 80% of it in a savings bank with a monthly
interest of 2%. How much would her money be in 2 years?
PLS
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Answer:
=P296,000
Step-by-step explanation:
(250000)(0.80)
P200000 x (0.02)
interest P4000 every month
=4000 x 24 =P96000 <--- 2 years
=200000 + 96000
=P296,000