Rinamaebatobalonos7go Rinamaebatobalonos7go

Math

Answered

Directions: Solve the given problem.
1. A bank pays an annual interest rate of 3% compounded quarterly. If the initial deposit (or principal) is Php 50,000
find the balance after 5 years?
Use: A = P(1 + 5)nt

Sagot :

Bmarjaymejudillago Bmarjaymejudillago

Answer:

He gets 250000 after five years

Explanation:

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