BDO Savings Account FEATURES Minimum Initial Deposit Php 2,000.00 Minimum MADB Requirement (1) Php 2,000.00 Minimum Balance to Earn Interest Php 5,000.00 Gross Interest Rate Per Annum 0.25% (1) MADB - Monthly Average Daily Balance Transaction Record for March 1-31 Day March I Transaction Balance Deposited 2oo With &raw 100 Deposit 15Uo 2000 March 7 lo00 3500 March 20
BDO Savings Account FEATURES Minimum Initial Deposit Php 2,000.00 Minimum MADB Requirement (1) Php 2,000.00 Minimum Balance to Earn Interest Php 5,000.00 Gross Interest Rate Per Annum 0.25% (1) MADB - Monthly Average Daily Balance Transaction Record for March 1-31 Day March I Transaction Balance Deposited 2oo With &raw 100 Deposit 15Uo 2000 March 7 lo00 3500 March 20
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Will the savings account incur a penalty of 250 pesos by the end of March? yes or no
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