Two banks pay simple interest on short-term deposits. Bank A pays 6% p.a. over 3 years, and Bank B pays 6.5% p.a. for 2 years. The difference between the two banks' final payout figure, if P12 000 was invested in each account is: O Php 210 O Php 180 O Php 150 O Php 203.20
Two banks pay simple interest on short-term deposits. Bank A pays 6% p.a. over 3 years, and Bank B pays 6.5% p.a. for 2 years. The difference between the two banks' final payout figure, if P12 000 was invested in each account is: O Php 210 O Php 180 O Php 150 O Php 203.20
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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