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Solve the following problems. Show your solution. 1. Evelyn was trying to decide at which bank she will to invest her savings from her weekly
Solve the following problems. Show your solution. 1. Evelyn was trying to decide at which bank she will to invest her savings from her weekly allowance for the past 22 weeks. The amount of her savings is Php17, 000. The JPS Bank offers her a 3.5% simple interest rate for 3 years, while RSC Bank will give her a 2.75% interest rate for 4 years. Based on the total amount at the end of their offers, which bank should Maricar choose and why? Support your answer. 2. If you want to have PhP 150,000 after 8 years, in which account below should you put your money today? Why? Support your answer. 3. If you have PhP 80,000 todau a
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