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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answer number 29 with solution

or 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
29. If David decided to withdraw the money
after 1 year, how much is the interest?
A P525
B P750
Soln:
C. P2 500
D. P2 750
Transcribed Image Text:or 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 29. If David decided to withdraw the money after 1 year, how much is the interest? A P525 B P750 Soln: C. P2 500 D. P2 750
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