Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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Simple and compound interest 

Suppose you want to invest php
10, 000.00 in the bank for 6
years. The Land bank of the
Philippines (LBP) offers 12% annual
simple interest rate per year.
Banco De Oro offers 12 %
compounded annually. Compute its
simple interest at 6 years.
O 3600
O 4800
6000
O 7200
SLIDESMANIA.CO
Transcribed Image Text:Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years. O 3600 O 4800 6000 O 7200 SLIDESMANIA.CO
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