shawnharris4951 shawnharris4951

28-12-2022
Mathematics

Answered

Simple and Compound Interest

1. Mr. Henry received his back pay from a work abroad and wanted to quit as an OFW. He received P150 000. 0. He plans to invest it for 5 years. An ABC bank offers him with 2% simple interest rate per year while the UNION bank offers him 2% compounded annually.

1. Make an Illustration of Simple and Compound Interest

2. If you were Mr. Henry which offer will you choose and why?

Answer :

Other Questions

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