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For item numbers 13-15, refer to the following: Mr. Juan Bayan thought of investing or saving some of his money after all the leisures that he enjoyed. He believes in the saying "early comer is better than hard worker". With P10,000.00 remaining cash on hand he plans to save it in a bank, but he is still in doubt where to invest the money. Using the formula help him to solve his problem by answering the questions that follow. A = P(1+r)" 13. A bank offers him a time deposit of 36% compounded annually, how much will his money be after 10 years? a. P216,000.00 b. P116,000.00 c. P116,465.70 d. P216,465.70

For item numbers 13-15, refer to the following: Mr. Juan Bayan thought of investing or saving some of his money after all the leisures that he enjoyed. He believes in the saying "early comer is better than hard worker". With P10,000.00 remaining cash on hand he plans to save it in a bank, but he is still in doubt where to invest the money. Using the formula help him to solve his problem by answering the questions that follow. A = P(1+r)" 13. A bank offers him a time deposit of 36% compounded annually, how much will his money be after 10 years? a. P216,000.00 b. P116,000.00 c. P116,465.70 d. P216,465.70

Algebra and Trigonometry (6th Edition)
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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For item numbers 13-15, refer to the following: Mr. Juan Bayan thought of investing or saving some of his money after all the leisures that he enjoyed. He believes in the saying "early comer is better than hard worker". With P10,000.00 remaining cash on hand he plans to save it in a bank, but he is still in doubt where to invest the money. Using the formula help him to solve his problem by answering the questions that follow. A = P(1+r)" 13. A bank offers him a time deposit of 36% compounded annually, how much will his money be after 10 years? a. P216,000.00 b. P116,000.00 c. P116,465.70 d. P216,465.70
Transcribed Image Text:For item numbers 13-15, refer to the following: Mr. Juan Bayan thought of investing or saving some of his money after all the leisures that he enjoyed. He believes in the saying "early comer is better than hard worker". With P10,000.00 remaining cash on hand he plans to save it in a bank, but he is still in doubt where to invest the money. Using the formula help him to solve his problem by answering the questions that follow. A = P(1+r)" 13. A bank offers him a time deposit of 36% compounded annually, how much will his money be after 10 years? a. P216,000.00 b. P116,000.00 c. P116,465.70 d. P216,465.70
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