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Solve the following problems Write you answer on your answer sheet
1. 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?
2. Shuyen wanted to save some money. She deposited P3 000.00 in a bank which pays 0.5% interest per annum. After 2 years, she needed the money to buy some gifts. How much will she able to get if she withdraws all her money from the bank? 6
Answers & Comments
Answer:
1.5000 2.400 I'm not sure