At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9 months at a discount rate of 8%. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly? What is the present value of P75,000 due in 3 years and 9 months if money is worth 10% compounded quarterly?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
icon
Related questions
Question
At what interest rate will P120,000 earm P37,800 interest after 3 % years?
Discount P9,000 for 9 months at a discount rate of 8%.
What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?
What is the present value of P75,000 due in 3 years and 9 months if money is worth 10%
compounded quarterly?
Transcribed Image Text:At what interest rate will P120,000 earm P37,800 interest after 3 % years? Discount P9,000 for 9 months at a discount rate of 8%. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly? What is the present value of P75,000 due in 3 years and 9 months if money is worth 10% compounded quarterly?
Expert Solution
steps

Step by step

Solved in 5 steps

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage