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5. You deposited P65 200 in the bank that earns P15 850 at the end of 5 years, at what interest rate was it invested? 6. You deposited your savings in a bank. How long will it take your deposit of P55 750 to earn as much as the deposit if it is invested at 12% simple interest?

5. You deposited P65 200 in the bank that earns P15 850 at the end of 5 years, at what interest rate was it invested? 6. You deposited your savings in a bank. How long will it take your deposit of P55 750 to earn as much as the deposit if it is invested at 12% simple interest?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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5. You deposited P65 200 in the bank that earns P15 850 at the end of 5 years, at what interest rate was it invested? 6. You deposited your savings in a bank. How long will it take your deposit of P55 750 to earn as much as the deposit if it is invested at 12% simple interest? 7. Find the number of days from December 18(regular year) to March 8 of the following year (which is a leap year). Explain how you calculated the number. 8. Find the number of days of a P50 000 loan made on February 21 of a leap year and repaid on November 4 of the same year and calculate the final amount if the interest rate is 6.25%.
Transcribed Image Text:5. You deposited P65 200 in the bank that earns P15 850 at the end of 5 years, at what interest rate was it invested? 6. You deposited your savings in a bank. How long will it take your deposit of P55 750 to earn as much as the deposit if it is invested at 12% simple interest? 7. Find the number of days from December 18(regular year) to March 8 of the following year (which is a leap year). Explain how you calculated the number. 8. Find the number of days of a P50 000 loan made on February 21 of a leap year and repaid on November 4 of the same year and calculate the final amount if the interest rate is 6.25%.
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