1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8% for 5 years? 2. How much amount will the investor in problem no.1 received in 5 years?
1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8% for 5 years? 2. How much amount will the investor in problem no.1 received in 5 years?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8% for 5 years?
2. How much amount will the investor in problem no.1 received in 5 years?
3. For 5 years, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering business with a friend and is earning an annual rate of 3%. His earnings from that investment go directly to his savings. How much will his savings be in two years?
4. If 10,000php is invested in account paying 6% compounded quarterly;
A. How much will be in the account at the end of 5years?
b. How much interest will it earn?
C. Compare the interest it will earn if it is paid at simple interest rate
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For 5 years, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering business with a friend and is earning an annual rate of 3%. His earnings from that investment go directly to his savings. How much will his savings be in two years?
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1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8% for 5 years?
2. How much amount will the investor in problem no.1 received in 5 years?
Solution
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