What is the correct answer in questions 1 and 2? 1. Calculate the principal sum which, if deposited at an interest rate of 7.5% compounded quarterly, will grow to Php 70,000 after four years. 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.

What is the correct answer in questions 1 and 2? 1. Calculate the principal sum which, if deposited at an interest rate of 7.5% compounded quarterly, will grow to Php 70,000 after four years. 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.

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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