Suppose you had  ₱100 in a savings account and the interest rate is 20% per year and you never withdraw money or interest payments. After 5 years, how much would you have on this account in total? A. More than ₱200 B. Exactly ₱200  C. Less than ₱200

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose you had  ₱100 in a savings account and the interest rate is 20% per year and you never withdraw money or interest payments. After 5 years, how much would you have on this account in total?

A. More than ₱200
B. Exactly ₱200 
C. Less than ₱200

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