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Math

Answered

Teacher Alvin deposited an amount of PhP 10 000.00 in a bank that offers 6% annual simple interest rate. 1. How much interest will be earned by Teacher Alvin after 2 years? a. PhP 60.00 c. PhP 600.00 b. PhP 120.00 d. PhP 1 200.00

Sagot :

Kielzxgo Kielzxgo

Answer:

D

Step-by-step explanation:

10,000 x 6% or 0.06 = 600.00

Annual = per year

2 years = 600 x 2 = 1200.00

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