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Rudolfo wants to save his allowance in his own bank account. Given that his principal amount ₱20 000 with 1.5% monthly interest rate. How much will Rudolfo receive on the second month of his investment? *
A. ₱20,300.00
B. ₱20,500.00
C. ₱20,600.00
D. ₱20,800.00.​

Sagot :

Answer:

Step-by-step explanation:

P = 20,000

R= 1.5

T= 2 years

A = P(1+ R/100) ^ n

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