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Math

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A principal of ₱10,000 is placed in a savings account at 5% per annum compounded quarterly. How much is in the account after one year, two years and three years? * Choose the correct answer to each corresponding year.

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Answer:

1st year 52000 x (1+5%)= 54600

2nd year 54600 x (1+5%)= 57330

3rd year 57330 x (1+5%) = 601196.5

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