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. 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?

Sagot :

Answer:

answer choices

Php 25000

Php 2500

Php 250000

Php 250

Answer:

Step-by-step explanation:

The formula for simple interest is I=Ptr,

which stands fo:

t = time

P = principal amount

r =rate

Just multiply to get the answer