Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank off 2% compounded interest rate per year Compound Interest Solution Time(t) Principal Amount after t years (Maturity Value) Answer 10000 10000 0.02 1 200 10000 + 200 == 10200 2 10200 19200 0.02 1 204 10200 + 204 = 10404 3 10404 10404*0.02*1 208.08 10404 + 208.08 = 10012.08 4 10612.08 10612.08*0.02*1 212.24 10612.08 + 212.24 = 10824.32 10824.32 10824.32*0.02 1 216.49 10824.32 + 216.49 11040.81 Answer these: Just follow the flow of solution from example above. Just change the red font value. Us table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% compound interest rate per year.

Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank off 2% compounded interest rate per year Compound Interest Solution Time(t) Principal Amount after t years (Maturity Value) Answer 10000 10000 0.02 1 200 10000 + 200 == 10200 2 10200 19200 0.02 1 204 10200 + 204 = 10404 3 10404 104040.021 208.08 10404 + 208.08 = 10012.08 4 10612.08 10612.080.021 212.24 10612.08 + 212.24 = 10824.32 10824.32 10824.32*0.02 1 216.49 10824.32 + 216.49 11040.81 Answer these: Just follow the flow of solution from example above. Just change the red font value. Us table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% compound interest rate per year.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

ChapterP: Prologue: Calculator Arithmetic

Section: Chapter Questions

Problem 35SBE: Future Value In certain savings scenarios, the value F of an investment after t years, the future...

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