TOPIC 《 Simple Interest, Principal, Rate, and Time 》
Sally deposits P22,000.00 in her savings account. If the bank pays 1.5% interest per year, how much will she received at the end of the year?
Sally deposits P22,000.00 in her savings account. If the bank pays 1.5% interest per year, how much will she received at the end of the year?
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Question:Sally deposits P22,000.00 in her savings account. If the bank pays 1.5% interest per year, how much will she received at the end of the year?
Answer
= 22,330
Step-by-step explanation:
Interest = Principal * rate * time
Interest = 22,000 * .015 * 1 year
Interest = 330
Principal + Interest = Future Value
22,000 + 330 = 22, 330
Yan po lang alam ko