28-29: David deposited P2 500 for 2 years at 10% compounded annually and earned a compound interest of P525. 28. What is the future value of the deposit? A P525 B. P2 500 C. P3 025 D. Not enough information Sol'n: 29. If David decided to withdraw the money after 1 year, how much is the interest? C. P2 500 A P525 B P750 D. P2 750
28-29: David deposited P2 500 for 2 years at 10% compounded annually and earned a compound interest of P525. 28. What is the future value of the deposit? A P525 B. P2 500 C. P3 025 D. Not enough information Sol'n: 29. If David decided to withdraw the money after 1 year, how much is the interest? C. P2 500 A P525 B P750 D. P2 750
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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