Sonia invested P 2,100 and left it for 9 years where the time in which the principal was withdrawn. If the interest rate compounded annually is 7.5%, determine the amount of money after 20th year. ? Round your answer to the nearest hundredths (2 decimal places).

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
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7.
Sonia invested P 2,100 and left it for 9 years where the time in which the principal was withdrawn. If the
interest rate compounded annually is 7.5%, determine the amount of money after 20th year. ? Round
your answer to the nearest hundredths (2 decimal places).
Transcribed Image Text:7. Sonia invested P 2,100 and left it for 9 years where the time in which the principal was withdrawn. If the interest rate compounded annually is 7.5%, determine the amount of money after 20th year. ? Round your answer to the nearest hundredths (2 decimal places).
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