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Math

Answered

Suppose, P20,000 was deposited at 2% interest per month for 5 months. What is the total amount
of money after 5 months? what the answer?

Sagot :

GONZALESJOWEL979IN GONZALESJOWEL979IN

Answer:

2,000 PESOS

Step-by-step explanation:

PRINCIPAL = 20,000 PESOS

RATE = 2% OR 0.02%

TIME = 5 MONTHS

20,000 PESOS * 0.02% = 400 PESOS

400 PESOS * 5 MONTHS = 2,000 PESOS

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