Arielle43idn
Answered

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loie wanted to save money.He deposited P400.00 in a bank pays 0.5% insterest per annum.After nine months he needed the money to buy some gifts.How much will hr be able tob get if he withdraws all his money the bank?
A.P415.00
B.P425.00
C.P401.50
D.P410.50​

Sagot :

A = P415.00

I = A - P = P15.00

Equation:
A = P(1 + rt)

Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.

Putting time into years for simplicity,
9 months / 12 months/year = 0.75 years.

Solving our equation:
A = 400(1 + (0.05 × 0.75)) = 415
A = P415.00

The total amount accrued, principal plus interest, from simple interest on a principal of P400.00 at a rate of 5% per year for 0.75 years (9 months) is $415.00.
Poomidzyme12idn

Answer:

c. P401.50

Step-by-step explanation:

per annum means per year

1) You can do it as a fraction like : 9/12

9/12 to percent is 75%

2) 0.5% of 400 is 2

3) 75% of 2 is 1.5

4) 400+1.5= 401.5

Answer: Php 401.50

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