4) P 75,000 at 8% compounded monthly for 2 years

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Find the compound interest and the maturity value in each of the following cases.
4) P 75,000 at
8%
compounded
monthly for 2
years
DMMC INSTITUTE OF HEALTH SCIENCES
# 143 Narra St., Mt. View Subd. Brgy. 3, Tanauan City, Batangas
31 Page
Transcribed Image Text:4) P 75,000 at 8% compounded monthly for 2 years DMMC INSTITUTE OF HEALTH SCIENCES # 143 Narra St., Mt. View Subd. Brgy. 3, Tanauan City, Batangas 31 Page
Direction: Find the compound interest and the maturity value in each of the following cases:
Matury
4 The
mst
wr simpty the amoun
the princtpal and the tnterest
ulates over agreed term
Present
4The
www
obligation
SIMPLE INTEREST
• Simple Interest () refers to the amount
earned for one year calculated by multiplying
the principal by the interest rate. It is directly
proportional to the principal P, interest rate
and the term t years. In symbols,
It is essentially the intere
a borrower or earned by
the full term of the loan
I= Prt
Using the formula of simple Interest (I). -
use this in finding the value of
(P), Interest rate (r)
nagement 1:
ng Transy
ollowing ty
erchand
D0 to
General Mathematics 2020 Edition
For DMMCIHS use only
es w
COMPOUND INTEREST LEARNING PACKET
QUARTER:
LEARNING PACKET NO:
4
11
AСТIVITY 1
Future Value/Compound Amo
Given:
Compound Interest (In)
1) 7 600 a00
Transcribed Image Text:Direction: Find the compound interest and the maturity value in each of the following cases: Matury 4 The mst wr simpty the amoun the princtpal and the tnterest ulates over agreed term Present 4The www obligation SIMPLE INTEREST • Simple Interest () refers to the amount earned for one year calculated by multiplying the principal by the interest rate. It is directly proportional to the principal P, interest rate and the term t years. In symbols, It is essentially the intere a borrower or earned by the full term of the loan I= Prt Using the formula of simple Interest (I). - use this in finding the value of (P), Interest rate (r) nagement 1: ng Transy ollowing ty erchand D0 to General Mathematics 2020 Edition For DMMCIHS use only es w COMPOUND INTEREST LEARNING PACKET QUARTER: LEARNING PACKET NO: 4 11 AСТIVITY 1 Future Value/Compound Amo Given: Compound Interest (In) 1) 7 600 a00
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