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
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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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
Transcribed Image Text: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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