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Mersalynaj0912go
Answered


6. Find the maturity value if 1 million pesos is deposited in a bank at an annual simple
interest rate of 0.25% after 1 year?​

Sagot :

JustSevengo

1250000

1,000,000*.25*1 = 250,000

250,000 + 1,000,000 = 1250000

Rexsolano12345go

Answer:

by the end of 1 year you will get a interest of 250,000

Step-by-step explanation:

I=prt

=(1,000,00)(0.25)(1)

=250,000+1,000,00=1,250,00

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