Question

5. How much money will you have after 2 years and
6 months if you deposited P5,000 in a bank that
pays 0.2% simple interest?
a. P5,025
b. P5,050
C. P5,075
d. P5,100​

Answer 1

Answer:

A. 5,025

Step-by-step explanation:

A=P(1+rt)

A=5000(1+(0.002×2.5))

A=5,025