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Answered

Solve the word problem below. Provide the necessary solutions.

 

Agnes invested Php 15 000.00 for 2 years. If the bank offered 2% interest annually, then how much would her money be after 2 years?​

Sagot :

LYNN4THYIN

Answer:

Php 15,606

Step-by-step explanation:

Step 1: Get 2% of 15,000

15,000 x 0.02 = 300

1st year = 300

Step 2: Get 2% of 15,000 + 300, 15,300.

15,300 x 0.02 = 306

2nd year = 306

Step 3: Add all the amounts

15,000 + 300 + 306 = 606

Total = 15,606

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