4. If Amara wants to double her money in five years, at what rate of interest will she invest her money? d Dhn160 000 at 7 ½ % per annum simple

College Algebra
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Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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4. If Amara wants to double her money in five years, at what rate of
interest will she invest her money?
5. Cardo Dalisay borrowed Php160,000 at 7 ½ % per annum simple
interest. On the same day, he lent it to Jerome Girona at the same rate
but compounded annually. What does Cardo Dalisay gain at the end of
3 years?
6. Find the difference between the simple interest and the compound
interest on Php50,000 for 5 years at 6% per annum.
Transcribed Image Text:4. If Amara wants to double her money in five years, at what rate of interest will she invest her money? 5. Cardo Dalisay borrowed Php160,000 at 7 ½ % per annum simple interest. On the same day, he lent it to Jerome Girona at the same rate but compounded annually. What does Cardo Dalisay gain at the end of 3 years? 6. Find the difference between the simple interest and the compound interest on Php50,000 for 5 years at 6% per annum.
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