Emy needs P100,000 per year to go to college. His father invested P150,000 in 10% account for his education when he was born. The student withdrew P100,000 on his 17th, 18th, 19th and 20th birthday. Determine the amount of money left at the end of the 21st year.
Emy needs P100,000 per year to go to college. His father invested P150,000 in 10% account for his education when he was born. The student withdrew P100,000 on his 17th, 18th, 19th and 20th birthday. Determine the amount of money left at the end of the 21st year.
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...
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Emy needs P100,000 per year to go to college. His father invested P150,000 in 10% account
for his education when he was born. The student withdrew P100,000 on his 17th, 18th, 19th and
20th birthday. Determine the amount of money left at the end of the 21st year.
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