Question

Mrs. Santos invested P15, 000 in a money market fund for 2 months. The yearly rate of interest was 12%. How much did the money earn? What was the amount at the end of 2 months?

Answer 1

total amount after 2 months=15300

Answer 2

could you show me how did you solved this!?

Answer 3

= (2/12)*0.12*15000 =300 ==> total =15000+300 =15300

Answer 4

yes as shown by raheen

Answer 5

Simple interest
A = P(1+i*t)
A = 15,000(1+(.12)(1/6))

Answer 6

12 month's interest=12%
2 " " =2%
15000*(102/100)=15300

Answer 7

u get it??

Answer 8

yup... thanks.

Answer 9

good

Answer 10

what's good?

Answer 11

every thing is good

Answer 12

oh.nice

Answer 13

thx