Sheena, Lory and Kate decided to open three savings account for each of them which earned 10% per annum. They started to deposit in their respective accounts in the same year. Sheena deposited Php2,000 at the end of each year. Lory deposited Php1,000 at the start of each year. Kate deposited Php1,500 at the end of the first year and increased her deposit by Php500 per year (Php2,000 for the end of the 2ndyear, Php2,500 for the end of the 3rd, and so on). If they decided to withdraw their money from their respective accounts at the end of the 18th year, how much money do they have in total? ( Answer must be in two decimal places) a 187,598.31 b 268,195.15 c 347,752.03 d 62,546.26
Sheena, Lory and Kate decided to open three savings account for each of them which earned 10% per annum. They started to deposit in their respective accounts in the same year. Sheena deposited Php2,000 at the end of each year. Lory deposited Php1,000 at the start of each year. Kate deposited Php1,500 at the end of the first year and increased her deposit by Php500 per year (Php2,000 for the end of the 2ndyear, Php2,500 for the end of the 3rd, and so on). If they decided to withdraw their money from their respective accounts at the end of the 18th year, how much money do they have in total? ( Answer must be in two decimal places)
a 187,598.31
b 268,195.15
c 347,752.03
d 62,546.26
Note: use of chat gpt Google bard are strictly prohibited. If use I will give down vote.
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