What is the final amount of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days? (Hint: 1 year = 360 days) %3D O A. F = P52,024.31 %3D B. F = P51,996.58 O C. F = P51,260.42 O D. F = P50,508.63

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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What is the final amount of
P50,000.00 deposited in a bank that
pays 5 ½ % in 165 days? (Hint: 1 year =
360 days)
%3D
O A. F = P52,024.31
%3D
O B. F = P51,996.58
%3D
C. F = P51,260.42
D. F = P50,508.63
O O O
Transcribed Image Text:What is the final amount of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days? (Hint: 1 year = 360 days) %3D O A. F = P52,024.31 %3D O B. F = P51,996.58 %3D C. F = P51,260.42 D. F = P50,508.63 O O O
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