The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine the totalamount at the end of 5 years, if the principal and interest were not withdrawn during the period?O a. P145,362.93O b. P134,562.930 с. P143,562.93O d. P143,256.93

Answer : Principal (P) = 100,000 Interest (r) = 7.5% Time (n) = 5 Amount = P (1 + r/100)^n

Answered: The amount of P100,000.00 was deposit…

The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine amount at the end of 5 years, if the principal and interest were not withdrawn during the period?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine the total
amount at the end of 5 years, if the principal and interest were not withdrawn during the period?
O a. P145,362.93
O b. P134,562.93
0 с. P143,562.93
O d. P143,256.93

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