A bank offers 0.25% annual simple interest rate for a particular deposit. How much interest will be earned if 1 million pesos is deposited in this savings account for 1 year?

Question

zhyvelrainmanaig · Answer

₱2,500 interest will be earned in 1 year.

A bank offers 0.25% annual simple interest rate for a particular deposit. How much interest will be earned if 1 million pesos is deposited in this savings account for 1 year?

Answer (1)

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