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Estellenagasakigo
Answered

Rhoda has a deposit of Php 5,000 in her savings account for 2 years. If the bank pays a simple interest at the rate of 6% , how much interest will she receive?

with solution po ty^^​

Sagot :

DanielleTwicego

Answer:

We know that:

P=5000 T = 2 R = 6%

Formulate and substitute:

Substitute them into formula

I=Prt

I= 5000rt

Calculate

0.06 x 5000 × 2

(0.06x5000) × x2

300 × 2

600

Answer

600

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