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Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded semiannually. 7. How much will be in the account at the end of 3 years? Select the correct response: Php55,316.49 Php59,870.77 Php43,023.94 Php49,892.30

Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded semiannually. 7. How much will be in the account at the end of 3 years? Select the correct response: Php55,316.49 Php59,870.77 Php43,023.94 Php49,892.30

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded semiannually. 7. How much will be in the account at the end of 3 years? Select the correct response: Php55,316.49 Php59,870.77 Php43,023.94 Php49,892.30
Transcribed Image Text:Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded semiannually. 7. How much will be in the account at the end of 3 years? Select the correct response: Php55,316.49 Php59,870.77 Php43,023.94 Php49,892.30
The actual time is being used in getting the Exact Simple Interest. Select the correct response: True False
Transcribed Image Text:The actual time is being used in getting the Exact Simple Interest. Select the correct response: True False
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