How much is the interest earned at the end of 4th deposit for the regular deposit of Php1500? Money is worth 12% converted annually. a. Php607.39 b. Php600 c. Php6073 d. No answer

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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How much is the interest earned at the end of 4th deposit for the regular
deposit of Php1500?
Money is worth 12% converted annually.
a. Php607.39
b. Php600
c. Php6073
d. No answer
Transcribed Image Text:How much is the interest earned at the end of 4th deposit for the regular deposit of Php1500? Money is worth 12% converted annually. a. Php607.39 b. Php600 c. Php6073 d. No answer
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