Question 1:
1. If the bank offer 5% interest rate compounded annual, how much will be in his bank account in 2028?
Answer:
After 2028 hes bank account would be ₱102,600 left
Asked:
how much will be in his bank account in 2028?
Operation:
Subtracting and multiplying
Given:
12,000, 5%, 5years
Solution:
12,000-5%=11,400
2028-2019=9
11,400x9=102,600
Question 2:
2. Suppose he will withdraw the principal in 2028 and will leave the interest in his account, how much will the interest earn after 5 years?
₱30,000 will be the interest
₱30,000 will be the interestAsked:
how much will the interest earn after 5 years?
Multiply, Subtracting
Solution
600x5=30,000
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Answers & Comments
Question 1:
1. If the bank offer 5% interest rate compounded annual, how much will be in his bank account in 2028?
Answer:
After 2028 hes bank account would be ₱102,600 left
Asked:
how much will be in his bank account in 2028?
Operation:
Subtracting and multiplying
Given:
12,000, 5%, 5years
Solution:
12,000-5%=11,400
2028-2019=9
11,400x9=102,600
Question 2:
2. Suppose he will withdraw the principal in 2028 and will leave the interest in his account, how much will the interest earn after 5 years?
Answer:
₱30,000 will be the interest
₱30,000 will be the interestAsked:
how much will the interest earn after 5 years?
Operation:
Multiply, Subtracting
Given:
12,000, 5%, 5years
Solution
600x5=30,000
#CarryOnLearning
(Kindly mark brainliest)