B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an amount of Php 144 000 compounded annually. 1. Find the rate of interest earned by Zoe. 2. In how many years will Zoe's money amount to Php 248 832 when compounded annually?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Topic: Compound Interest Please answer all the questions below. Thank you.
B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an
amount of Php 144 000 compounded annually.
1. Find the rate of interest earned by Zoe.
2. In how many years will Zoe's money amount to Php 248 832
when compounded annually?
Transcribed Image Text:B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an amount of Php 144 000 compounded annually. 1. Find the rate of interest earned by Zoe. 2. In how many years will Zoe's money amount to Php 248 832 when compounded annually?
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