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Answered

If P500.00 is deposited in an account at the beginning of each year for 6 years at an annual

interest rate of 7%, how much can be withdrawn after 6 years?​

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CLODIRSAVIN

Answer:

If P500.00 is deposited in an account at the beginning of each year for 6 years at an annual interest rate of 7%, how much can be withdrawn after 6 years?

I = Prt

= 500 x 7% x 6

= 500 x .07 x 6

= 210

500 + 210 = 710

After 6 years, an amount of P 710.00 can be withdrawn.

Explanation:

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