Mr. Pablo received his backpay from a work abroad and wanted to quit as an OFW.
He received P150 000.00. He plans to invest it for 5 years. An ABC bank offers him
with 2% simple interest rate per year while the UNION bank offers him 2%
compounded annually. If you were Mr. Pablo which offer will you choose and why?
![Mr Pablo Received His Backpay From A Work Abroad And Wanted To Quit As An OFW He Received P150 00000 He Plans To Invest It For 5 Years An ABC Bank Offers Him Wi class=](https://ph-static.z-dn.net/files/dc2/cb4c4090fc069266795836e615e642f7.png)