Question:
Directions: Solve the following problems carefully. Show your complete solution then
put your final answer in a rectangular box. Do not forget to put the correct unit of
measurements. Upload your answer here. ( 5 points each problem)
1. What are the compound amount and interest if Php 6,000 is invested at 2%
compounded monthly for 2 years.
2. How much interest is earned in 4 years on Php 12,000 deposited in an account
paying 4 % compounded semi-annually?
3. A bank offers 4 % compounded quarterly. What is the effective rate?
4. Which investment has a higher annual yield, the one that earns 4% compounded
monthly or the on that earns 4.25% compounded quarterly?
Answer:
Directions: Solve the following problems carefully. Show your complete solution then
put your final answer in a rectangular box. Do not forget to put the correct unit of
measurements. Upload your answer here. ( 5 points each problem)
1. What are the compound amount and interest if Php 6,000 is invested at 2%
compounded monthly for 2 years.
2. How much interest is earned in 4 years on Php 12,000 deposited in an account
paying 4 % compounded semi-annually?
3. A bank offers 4 % compounded quarterly. What is the effective rate?
4. Which investment has a higher annual yield, the one that earns 4% compounded
monthly or the on that earns 4.25% compounded quarterly?
Answer:
