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WhiteSexyLadygo
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Assuming that no withdrawals or deposits are made, what is the accumulated value after five years of an account that initially contains p12,300.00 and earns simple interest at a rate of 12% per annum? invartment of P150.000.09 that earns simple interest at a rate of 12% per annum?

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TeacherEdwardCullengo

✏️ANSWER

21672.6

240.000.44

✏️SOLUTION

[tex]12300 \times {(1 + 12\%)}^{5} \\ = 12300 \times {1.12}^{5} \\ =12300 \times 1.762 \\ = 21672 .6 [/tex]

[tex]150000.09 \times (12\% \times 5 + 1) \\ = 150000.09 \times 60\% + 1) \\ = 150000.09 \times 1.6 \\ = 240.000.44[/tex]

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