How much money will you have after 4 years if you deposited P10,000 in a bank that pays 6% simple interest?

Mathematics

1 answer:

Alex_Xolod [135]3 years ago

5 0

Answer:

P12400

Step-by-step explanation:

Deposit = P 10000
Interest rate = 6% simple per year
Time = 4 years

Total in 4 years:

10000*(1 + 4*6/100) =
10000*1.24 =
12400

After 4 years the amount is P 12400

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