Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank off 2% compounded interest rate per year Compound Interest Solution Time(t) Principal Amount after t years (Maturity Value) Answer 10000 10000 0.02 1 200 10000 + 200 == 10200 2 10200 19200 0.02 1 204 10200 + 204 = 10404 3 10404 10404*0.02*1 208.08 10404 + 208.08 = 10012.08 4 10612.08 10612.08*0.02*1 212.24 10612.08 + 212.24 = 10824.32 10824.32 10824.32*0.02 1 216.49 10824.32 + 216.49 11040.81 Answer these: Just follow the flow of solution from example above. Just change the red font value. Us table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% compound interest rate per year.
Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank off 2% compounded interest rate per year Compound Interest Solution Time(t) Principal Amount after t years (Maturity Value) Answer 10000 10000 0.02 1 200 10000 + 200 == 10200 2 10200 19200 0.02 1 204 10200 + 204 = 10404 3 10404 10404*0.02*1 208.08 10404 + 208.08 = 10012.08 4 10612.08 10612.08*0.02*1 212.24 10612.08 + 212.24 = 10824.32 10824.32 10824.32*0.02 1 216.49 10824.32 + 216.49 11040.81 Answer these: Just follow the flow of solution from example above. Just change the red font value. Us table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% compound interest rate per year.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%
Transcribed Image Text:The learner illustrates Compound Interest (M11GM-Ila-1)
Compound Interest
You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers
2% compounded interest rate per year
Compound Interest
Şólution
Amount aftert years (Maturity Value)
Time(t)
Principal
Answer
10000
10000*0.02*1
200
10000 + 200 = 10200
10200
19200°0.02*1
204
10200 + 204 = 10404
3.
10404
10404*0.02*1
208.08
10404 + 208.08 = 10612.08
4
10612.08
10612.08*0.02*1
212.24
10612.08 + 212.24 = 10824.32
10824.32
10824.32 0.02*1
216.49
10824.32 + 216.49 11040.81
Answer these:
Just follow the flow of solution from example above. Just change the red font value. Use
table for your answer.
You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3%
compound interest rate per year.
2.
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