Ms. dela cruz deposited ₱40, 000 to her bank account with an interest rate of 6% per annum. How much money will she earn in 5 years?
PLEASE show your soloution! Or I'm reporting for incomplete answer.
(NONSENSE = REPORT)
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Ms. dela cruz deposited ₱40, 000 to her bank account with an interest rate of 6% per annum. How much money will she earn in 5 years?
PLEASE show your soloution! Or I'm reporting for incomplete answer.
(NONSENSE = REPORT)
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Answer:
12,000
Step-by-step explanation:
40000 deposited
6% interest per annum or per year
so 40,000 multiply by 6% =2,400 interest per annum or per year
2,400 per yearmultiply by 5 years=12,000