1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the account after 8 years? 2. If P20,000 is deposited in a time deposit account that pays 6% compounded quarterly, how much will be in time deposit account after 3 years and 6 months? 3. If P100,000 is deposited in an account paying 5.5% compounded continuously, how much will be in the account after 5 years? 4. If P300,000 is invested today at an interest rate of 4.5% compounded continuously, how much will be the investment after 3.5 years?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1.
Applications of Exponential Functions
A. Solve the following problems. Enumerate all the given and
solution.
1. If P15,000 is deposited in an account that pays 5% compounded
annually, how much will be in the account after 8 years?
2. If P20,000 is deposited in a time deposit account that pays 6%
compounded quarterly, how much will be in time deposit account
after 3 years and 6 months?
3. If P100,000 is deposited in an account paying 5.5% compounded
continuously, how much will be in the account after 5 years?
4. If P300,000 is invested today at an interest rate of 4.5%
compounded continuously, how much will be the investment
after 3.5 years?
Transcribed Image Text:1. Applications of Exponential Functions A. Solve the following problems. Enumerate all the given and solution. 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the account after 8 years? 2. If P20,000 is deposited in a time deposit account that pays 6% compounded quarterly, how much will be in time deposit account after 3 years and 6 months? 3. If P100,000 is deposited in an account paying 5.5% compounded continuously, how much will be in the account after 5 years? 4. If P300,000 is invested today at an interest rate of 4.5% compounded continuously, how much will be the investment after 3.5 years?
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