Question

Gabriel is able to save P10,000 every month from his salary. If he decides to
invest in a special deposit account offering an interest rate of 5% annually, how
much money would he have at the end of 3 years?​

Answer 1

Answer:

11,500

Step-by-step explanation:

P = 10,000

R= 5

T= 3

S.I = P×R×T ÷100

=》SUBSTITUTING VALUES

S.I = 10,000 × 5 × 3 ÷ 100 = 1500

Total Amount at the end = 10,000 + 1500

= 11,509