Clara put P15, 000 into savings account in January. Six months later, she put P20, 000 more into the account. The interest rate is 6% per year. How much interest will be earned at the end of the year?

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wel is this compouded interest or simple interest?
it is only a guest sorry !peace! no fighting
im just only a begginer
grade 5 only

Answers

2014-06-13T18:54:22+08:00
2014-06-13T19:03:16+08:00
Clara put P15, 000 into savings account in January. Six months later, she put P20, 000 more into the account. The interest rate is 6% per year. How much interest will be earned at the end of the year?

my answer is 1513.5

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