Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year,

Question

Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year?

Options:

A . P 4,880.00

B . P 4,820.00

C . P 4,860.00

D . P 4,840.00

Answer: Option C

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