An amount P20,000 is place in an investment for 10 years. How much is the sum of the investment after 10 years if the rate of investment is 7% compounded continuously? P63.729.59 P51,901.92 P39,325.21 P40,275.05

An amount P20,000 is place in an investment for 10 years. How much is the sum of the investment after 10 years if the rate of investment is 7% compounded continuously? P63.729.59 P51,901.92 P39,325.21 P40,275.05

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

An amount P20,000 is place in an investment for 10 years. How much is the sum
of the investment after 10 years if the rate of investment is 7% compounded
continuously?
P63.729.59
P51,901.92
P39,325.21
P40,275.05

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