{"id":8673,"date":"2024-04-15T03:04:20","date_gmt":"2024-04-15T03:04:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=8673"},"modified":"2024-04-15T03:04:20","modified_gmt":"2024-04-15T03:04:20","slug":"a-student-plans-to-deposit-p1500-in-the-bank-now-and-another-p3000-for-the-next-2-years-if-he-plans-to-withdraw-p5000-three-years-from-after-his-last-deposit-for-the-purpose-of-buying-shoes-what","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-student-plans-to-deposit-p1500-in-the-bank-now-and-another-p3000-for-the-next-2-years-if-he-plans-to-withdraw-p5000-three-years-from-after-his-last-deposit-for-the-purpose-of-buying-shoes-what\/","title":{"rendered":"A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. A. P1,549.64 B. P1,459.64 C. P1,345.98 D. P1,945.64"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9a7b1f76fa5\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    P1,549.64                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    P1,459.64                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    P1,345.98                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    P1,945.64                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is A. P1,549.64.<\/p>\n<p>The student will deposit P1,500 now and another P3,000 for the next 2 years. This means that he will have a total of P1,500 + P3,000 + P3,000 = P7,500 in the bank after 2 years. He plans to withdraw P5,000 <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> three years from after his last deposit for the purpose of buying shoes. This means that he will have P7,500 &#8211; P5,000 = P2,500 in the bank after 3 years. The effective annual interest rate is 10%. This means that the interest earned on the P2,500 will be 10% of P2,500 = P250. The amount of money left in the bank <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> after one year of his withdrawal will be P2,500 + P250 = P2,750.<\/p>\n<p>Here is a breakdown of the calculation:<\/p>\n<ul>\n<li>P1,500 deposited now<\/li>\n<li>P3,000 deposited in 1 year<\/li>\n<li>P3,000 deposited in 2 years<\/li>\n<li>Total = P7,500<\/li>\n<li>Withdraw P5,000 in 3 years<\/li>\n<li>Balance = P2,500<\/li>\n<li>Interest earned = 10% of P2,500 = P250<\/li>\n<li>Balance after 1 year = P2,500 + P250 = P2,750<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[656],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. A. P1,549.64 B. P1,459.64 C. P1,345.98 D. P1,945.64<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-student-plans-to-deposit-p1500-in-the-bank-now-and-another-p3000-for-the-next-2-years-if-he-plans-to-withdraw-p5000-three-years-from-after-his-last-deposit-for-the-purpose-of-buying-shoes-what\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. 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If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. A. P1,549.64 B. P1,459.64 C. P1,345.98 D. P1,945.64","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-student-plans-to-deposit-p1500-in-the-bank-now-and-another-p3000-for-the-next-2-years-if-he-plans-to-withdraw-p5000-three-years-from-after-his-last-deposit-for-the-purpose-of-buying-shoes-what\/","og_locale":"en_US","og_type":"article","og_title":"A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. 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If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. A. P1,549.64 B. P1,459.64 C. P1,345.98 D. 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