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PATRIANAHAZEL32IN
Answered

1. Which of the following situations shows compound interest?
A. An amount of P100 with 10% interest rate gained an interest of P20 for two years.
B. An amount of P100 with 10% interest rate earned P10 on its first year and earned P11 on the second year.
C. An amount of P100 with 10% interest rate earned P10 for the first year and gained P10 on the second year.
D. None of these


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YORAYENZAIN

Answer:

C

Step-by-step explanation:

100 (10) x +y (-)

10 (100) - +x (y)

= 10 (10)

so that's the answer why you get the 10

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