Answered: A businessman deposited an amount of…

A businessman deposited an amount of P6,000 in a savings account for 5months and 25 days at a rate of 7% per annum. Find the accumulated amount.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 2.7C

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Question

· A businessman deposited an amount of P6,000 in a savings account for 5months and 25 days at a rate of 7% per
annum. Find the accumulated amount.
6,201.37
6,202.83
6,200.82
6,204.17

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