Jhon opened two savings account with one-time deposit of P500 in each account. The first savings account will pay 5% simple interest each year. The second one will pay 5% compound annually.

Question

Jhon opened two savings account with one-time deposit of P500 in each account. The first savings account will pay 5% simple interest each year.  The second one will pay 5% compound annually.

oobleck · Answer

I = Prt My crystal ball is hazy today. It isn't telling me what question you are asking.