A savings account in a bank yields 0.25% simple interest. If you deposited Php 25,000.00 for 4

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A savings account in a bank yields 0.25% simple interest. If you deposited Php 25,000.00 for 4 years, compute for the following:

(a) The future value of the money invested.

(b) The interest paid to you by the bank.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jan 07, 2024 02:44 AM

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A savings account in a bank yields 0.25% simple interest. If you deposited Php 25,000.00 for 4

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For simple interest the future value FV and interest I can be calculat... View the full answer

Smith and Roberson Business Law

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