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These additional prob problems involving compound 1. How much should your m quarterly if she needs P85,00 2. How much time is neede annually? 3. At what annual interest rat in 20 years?

These additional prob problems involving compound 1. How much should your m quarterly if she needs P85,00 2. How much time is neede annually? 3. At what annual interest rat in 20 years?

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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These additional problems are prepared for you to have more practice on solving problems involving compound interest. 1. How much should your mom set aside and invest in a fund earning 3% compounded quarterly if she needs P85,000.00 in 20 months? 2. How much time is needed for money to triple if invested at 9% compounded semi- annually? 3. At what annual interest rate compounded semi-annually will a certain amount triple itself in 20 years? Sup bebnuoqm
Transcribed Image Text:These additional problems are prepared for you to have more practice on solving problems involving compound interest. 1. How much should your mom set aside and invest in a fund earning 3% compounded quarterly if she needs P85,000.00 in 20 months? 2. How much time is needed for money to triple if invested at 9% compounded semi- annually? 3. At what annual interest rate compounded semi-annually will a certain amount triple itself in 20 years? Sup bebnuoqm
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