1. If you have a bank account whose principal 1000 and your bank compounds the Interest twice a year at an interest rate of 5%, how much money do you have in your Account at the years end?
show your solution
please pa hlp po

Question

ROMEOLOVEJULIETIN ROMEOLOVEJULIETIN

Math

Answered

1. If you have a bank account whose principal 1000 and your bank compounds the Interest twice a year at an interest rate of 5%, how much money do you have in your Account at the years end?
show your solution
please pa hlp po

Sagot :

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Pa Answer With Solution Sana

CRUZYESHANICOLEIN CRUZYESHANICOLEIN · Answer 1

CRUZYESHANICOLEIN CRUZYESHANICOLEIN

Answer:

SIMPLE ONE-TIME INTEREST

I

=

P

0

r

A

=

P

0

+

I

=

P

0

+

P

0

r

=

P

0

(

1

+

r

)

I is the interest

A is the end amount: principal plus interest

P

0

is the principal (starting amount)

r is the interest rate (in decimal form. Example: 5% = 0.05)

Step-by-step explanation:

ganito po yung solution para Jan hope makatulong mas ok na po yung sarili nyo po mga sagot nyo para sure na Tama

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