A student deposits P1,500 in a 9% account today. He intends to deposit another P3,000 at the end of two years. He plans to purchase in five years his favorite shoes worth P5,000. Calculate the money that will be left In his account one year after the purchase? P1,260 O P1,280 O P1,300 O P1,250
A student deposits P1,500 in a 9% account today. He intends to deposit another P3,000 at the end of two years. He plans to purchase in five years his favorite shoes worth P5,000. Calculate the money that will be left In his account one year after the purchase? P1,260 O P1,280 O P1,300 O P1,250
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Question
![A student deposits P1,500 in a 9% account today. He intends to deposit another
P3,000 at the end of two years. He plans to purchase in five years his favorite
shoes worth P5,000. Calculate the money that will be left In his account one year
after the purchase?
P1,260
P1,280
P1,300
P1,250](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6c79096-4ec7-4749-8c6a-26cd07f5d0fd%2F94e05bb6-1eee-427c-abc9-62185f54cbab%2Fsnug8_processed.png&w=3840&q=75)
Transcribed Image Text:A student deposits P1,500 in a 9% account today. He intends to deposit another
P3,000 at the end of two years. He plans to purchase in five years his favorite
shoes worth P5,000. Calculate the money that will be left In his account one year
after the purchase?
P1,260
P1,280
P1,300
P1,250
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