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Answered

For instance you have php 10,000 invested in your savings bank account,it is 12% interested compounded annually

Sagot :

TheMostNewestJhamAccgo
Turn 12% into 0.12
10,000
X0.12
————-
—-20000
—10000
00000
——————
0120000

Now count the decimal 0.(12)
2 decimals
01200.00
Remove the 1st zero and the decimal zeros

(0)1,200.(00) (optional)
1,200

In my savings bank account the 12% interest is php1,200.00

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