5. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate to Php 40,000 if she invested her savings to a financial institution that provides a simple interest rate is 4.5% per year?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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5. If Wendy wants to invest her Php25,000, how many years will it take for her savings to
accumulate to Php 40,000 if she invested her savings to a financial institution that provides a
simple interest rate is 4.5% per year?
6. Find the ratio between the exact interest and the ordinary interest
7. Find the amount due at the end of 8 months whose present value Php 80,000
a) when the discount is 9%; b) when the interest rate is 12%
Transcribed Image Text:5. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate to Php 40,000 if she invested her savings to a financial institution that provides a simple interest rate is 4.5% per year? 6. Find the ratio between the exact interest and the ordinary interest 7. Find the amount due at the end of 8 months whose present value Php 80,000 a) when the discount is 9%; b) when the interest rate is 12%
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