I looked in a famous bank here in Ph and look at interest rates.
Ammm, the minimum balance to earn interest is P10,000 (pesos) and the interest rate is 0.25%. O_O
Questions:
1. is interest rate per annum (year)?
2. if so. if i have 10,000 in the bank (in a year) so i have earned an interest of 2500 ? wow
thnx
Ammm, the minimum balance to earn interest is P10,000 (pesos) and the interest rate is 0.25%. O_O
Questions:
1. is interest rate per annum (year)?
2. if so. if i have 10,000 in the bank (in a year) so i have earned an interest of 2500 ? wow
thnx