3 years ago

Someone help me please

Mathematics

1 answer:

lina2011 [118]3 years ago

3 0

Answer:

-13, 0.4,7 its the 4th one

Step-by-step explanation:

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Rod is saving Php2000 in a bank at the end of each month which gives an interest of 1% compounded monthly.How much is the saving

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Step-by-step explanation:

Given

$P = 2000$ --- Principal

$r = 1\%$ --- Rate

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$n = 12$ --- monthly

Required

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This is calculated as:

$A = P(1 + \frac{r}{n})^{nt}$

So, we have:

$A = 2000(1 + \frac{1\%}{12})^{12*2}$

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<em>Hence, the final amount is: Php2040.38</em>

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