Account operations

My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?

Correct result:

x =  80700

Solution:

q1=1+6100=5350=1.06 q2=1+6/2100=103100=1.03  x=90000 q1+10000 q225000=90000 1.06+10000 1.0325000=80700



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