Joey invest 1,000 pesos at 8% interest compounded annually in a savings account. Find the amount in his account at the end of 6 years. 2. If you start with 1 peso and double your money each day, how many days will it take to surpass 1 million pesos?

Joey invest 1,000 pesos at 8% interest compounded annually in a savings account. Find the amount in his account at the end of 6 years. 2. If you start with 1 peso and double your money each day, how many days will it take to surpass 1 million pesos?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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Question

Please answer the following question with solution: 1. Joey invest 1,000 pesos at 8% interest compounded annually in a savings account. Find the amount in his account at the end of 6 years. 2. If you start with 1 peso and double your money each day, how many days will it take to surpass 1 million pesos?

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