ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How much money will h

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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2. Boyong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How much money will he have in a bank after 2 years?

2. Boyong deposited an amount of Php10 000 in a bank that pays 4% annual interest
compounded monthly. How much money will he have in a bank after 2 years?
Transcribed Image Text:2. Boyong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How much money will he have in a bank after 2 years?
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