A young manager deposits his hardly earned money worth P115,000 in a bank. After 8 years and 6 months, his money increasesto P154,846.1632.a. Compute the amount in the account after 10 years.b.Determine the interest earned by the deposit after 15 years, presuming no withdrawals and no additional deposits.

Given, Principal amount = P115,000 Interest =P154,846.1632- P115,000 = P39,846.1632 Time=8.5…

Answered: young manager deposits his hardly…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 26Q: A customer was unable to pay the accounts receivable on time in the amount of $34,000. The customer...

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