Solution: How much is P5,000 worth in 10 years in a continuous compounded account?

If the nominal interest rate is 3%, how much is P5,000 worth in 10 years in a continuous compounded account?

How much is P5,000 worth in 10 years in a continuous compounded account?

Problem Statement: ME Board April 1998

If the nominal interest rate is 3%, how much is P5,000 worth in 10 years in a continuous compounded account?

  • A. P5,750
  • B. P6,750
  • C. P7,500
  • D. P6,350

Problem Answer:

In 10 years, P5,000 will be worth P6,750

Solution:

Latest Problem Solving in Differential Equations

More Questions in: Differential Equations

Online Questions and Answers in Differential Equations


Search! Type it and Hit Enter


Accepting Contribution for Website Operation. Thanks!

Post a Comment

Contact Form

Name

Email *

Message *

Powered by Blogger.
Javascript DisablePlease Enable Javascript To See All Widget