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Rhoda has a deposit of P 5 000 in a savings account for 2 year if the bank pays simple interest at the rate of 60% how much interest will she receive?

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KSYXHICOD31IN

Question:Rhoda has a deposit of P 5 000 in a savings account for 2 year if the bank pays simple interest at the rate of 60% how much interest will she receive?

Answer:

Php. 600

Step-by-step explanation:

I=Prt

= (5000)(0.06)(2)

= Php. 600

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