An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously. Assuming no withdrawals were made, how much will the investment be after 8 years? A 52, 000.000 php 52, 040.54 php 52, 035.35 php 52, 055.84 php

Q: Find the amount and the compound interest on Php 80,000 for 3 years at 10% per annum, compounded…

A: Given, Prinicpal amount = Php 80,000   Time = 3 years Rate of interest = 10% per annum.

Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

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Q: A deposit of Php 1,000/month in a bank giving 6% interest compounded monthly for two years. He…

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Q: Suppose that you took out college loans totalling Php 60,000.00 with interest of 7.5%. You have an…

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Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: A deposit of Php 21,500 earn 6% interest compounded quarterly. How much money is in the bank after 6…

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Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: When invested an annual interest rate of 10 © , an amount earned php. 14 , 000 of simple interest in…

A: Given: Interest is 10% Amount earned as simple interest is Php 14000 Time is 3.5 years. Concept:…

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: e of Php 100,000

A: Given as, Corporate bond= 8%, Face value= 100,000, Maturity= 5 years and 7%.

Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

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Q: Robert borrowed Php 57,000 from a lending institution that charges 2.5% compounded every 4 months.…

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Q: Find the compound interest earned if PhP 51,679 is deposited in a bank at 3.1% compounded monthly…

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Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

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Q: A professional basketball player signs a contract with a beginning salary of Php 3M for the first…

A: Solution: We know that geometric series with common ratio q and first term a1. an=a1.qn-1

Q: if a nine month term deposit at a bank earns a simple interest rate of 9% per annum how much should…

A: Find the values of r and t. To convert the term (t) in year, divide 9 months by 12.…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Ms. Illeto bought a laptop and paid Php 10,000.00 for a down payment l. The remaining amount is to…

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Q: A bank offers a 5% compound interest calculated on a semi-annual basis. A customer deposits ₱1600…

A: Given information Rate of interest = 5% Principal = 1600

Q: What principal will yield an interest of Php 262.50 for 6 months at 14% interest?

A: The given problem is to find the principal amount at which interest is Php 262.50 for six months at…

Q: ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How…

A: Given that: Money deposited, P0=10000 Php                     Rate of interest, r=4%…