Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![9:28 PM Sun 3 Feb
General Mathematics/Engineering Economy: Compound Interest (Tagalog Math)
Notes
Practice Problems:
1.) Ana Bautista expects to receive P50,000 in 6 years. How much is that money worth
now considering interest at 6% compounded quarterly.
2.) If P5,000 shall accumulate for 10 years at 8% compounded quarterly. Find the
compounded interest at the end of 10 years.
3.) How many whole years will it take a money to be four times its value at the rate of
7% compounded semiannually?
4.) If a money needs to triple itself for 5 years. What interest rate compounded
bimonthly does it need to be invested to?
21:15 / 21:32
E
O 76%
Q
¶](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86356246-4cd3-4413-9950-beca616669fe%2F2af59b02-31ad-4d16-aeb4-a4c5af974e19%2Fcgsjsch_processed.png&w=3840&q=75)
Transcribed Image Text:9:28 PM Sun 3 Feb
General Mathematics/Engineering Economy: Compound Interest (Tagalog Math)
Notes
Practice Problems:
1.) Ana Bautista expects to receive P50,000 in 6 years. How much is that money worth
now considering interest at 6% compounded quarterly.
2.) If P5,000 shall accumulate for 10 years at 8% compounded quarterly. Find the
compounded interest at the end of 10 years.
3.) How many whole years will it take a money to be four times its value at the rate of
7% compounded semiannually?
4.) If a money needs to triple itself for 5 years. What interest rate compounded
bimonthly does it need to be invested to?
21:15 / 21:32
E
O 76%
Q
¶
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