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Teacher Kaye is saving ₱2,000 every month by depositing it in a bank that gives an interest of 1% compounded quarterly. How much will she save in 5 years?

Teacher Kaye is saving ₱2,000 every month by depositing it in a bank that gives an interest of 1% compounded quarterly. How much will she save in 5 years?
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Teacher Kaye is saving ₱2,000 every month by depositing it in a bank that gives an interest of 1% compounded quarterly. How much will she save in 5 years?

User Dave Stokes
by
8.2k points

1 Answer

1 vote

Answer:

1,23,098

Explanation:

............

User Synoon
by
8.8k points
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