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Math

Answered

aster atsumi barrowed P50,000.00 at 8% compounded quarterly.How much will she have to pay at the end of 5 years?

Sagot :

Clemintinekhorgo Clemintinekhorgo

Answer:

Php 74,297.37

Step-by-step explanation:

Use the formula A = P(1 + r/n)^nt

A = 50000(1 + 0.08/4)^4*5
A = 50000(1 + 0.02)^20
A = 50000(1.02)^20
A = 50000(1.4859473959783543420355740092833)
A = 74297.37

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