your mom deposited your earnings in a bank which among to php4,000. the bank offers an interest o4.5%every year. how much your money will earn at the end of 3 years?
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Answer:
540 PESOS
Step-by-step explanation:
PRINCIPAL = 4,000 PESOS
RATE = 4.5% OR 0.045%
RATE = 3 YEARS
4,000 PESOS × 0.045% = 180 PESOS
180 PESOS × 3 YEARS = 540 PESOS