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?

Problem Answer:

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

Solution:

Online Questions and Answers in Differential Equations


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