3. The future amount of P100,000 for a period of 8. years is equal to P341,655.49, considering money is worth 10% per year with an inflation rate of "x" percent per year. Find the value of "x". A. 6% B. 5% C. 4% D. 7%
3. The future amount of P100,000 for a period of 8. years is equal to P341,655.49, considering money is worth 10% per year with an inflation rate of "x" percent per year. Find the value of "x". A. 6% B. 5% C. 4% D. 7%
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 21P
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Transcribed Image Text:3. The future amount of P100,000 for a period of 8.
years is equal to P341,655.49, considering money
is worth 10% per year with an inflation rate of
"x" percent per year. Find the value of "x".
A. 6%
B. 5%
C. 4%
D. 7%
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