Deposit is pesos

Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?

Result

x =  22330 Php

Solution:

x=22000 (1+1.5100)=22330 Phpx=22000 \cdot \ (1 + \dfrac{ 1.5 }{ 100 } )=22330 \ \text{Php}



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