1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dvinal [7]
2 years ago
8

Math pls patulong

Mathematics
1 answer:
Nataly [62]2 years ago
6 0

Using compound interest, it is found that:

  • With interest compound quarterly, the balance is of Php 5,804.
  • With interest compound annually, the balance is of Php 5,796.
  • Due to the higher balance, the quarterly compound gives the higher interest.

<h3>Compound interest: </h3>

A(t) = P\left(1 + \frac{r}{n}\right)^{nt}

  • A(t) is the amount of money after t years.  
  • P is the principal(the initial sum of money).  
  • r is the interest rate(as a decimal value).  
  • n is the number of times that interest is compounded per year.  
  • t is the time in years for which the money is invested or borrowed.

In this problem:

  • Rate of 3%, hence r = 0.03.
  • Compounded quarterly, hence n = 4.
  • Initial deposit of 50000, hence P = 50000.
  • Five years, hence t = 5.

Then, the balance is:

A(5) = P\left(1 + \frac{r}{n}\right)^{nt}

A(5) = 5000\left(1 + \frac{0.03}{4}\right)^{4(5)}

A(5) = 5804

With interest compound quarterly, the balance is of Php 5,804.

Now, with annual interest, we have that n = 1, and:

A(5) = P\left(1 + \frac{r}{n}\right)^{nt}

A(5) = 5000\left(1 + \frac{0.03}{1}\right)^{1(5)}

A(5) = 5796

With interest compound annually, the balance is of Php 5,796.

Due to the higher balance, the quarterly compound gives the higher interest.

To learn more about compound interest, you can take a look at brainly.com/question/25781328

You might be interested in
A hot air balloon can hold u to 300 pounds of weight the balloons pilot weighs 140 pounds how many 20 pound bags of sand b can h
Mashcka [7]
You can have 8, 20lb bags of sand plus the balloon pilot
3 0
3 years ago
What is 8 weeks from June 30th
lbvjy [14]

Answer:

The answer is25th August

8 0
3 years ago
Helllllp me pleaseeeeeeeeee
Andrej [43]

Answer:

10/11>9/11>7/11

Step-by-step explanation:

It is 10 out of eleven which is bigger than 9 out of eleven which is bigger than 7 out of eleven.

3 0
3 years ago
Look at picture .. pls !!
sveticcg [70]

Answer:

A

Step-by-step explanation:

5 0
1 year ago
Answer numbers 16-18
lana66690 [7]
Number 16- 216
number 17- 180
number 18- 252
4 0
3 years ago
Other questions:
  • Here is another Guy's... This one is hard..12 Points? First one to answer with a great explanation gets brainlest (:!
    5·1 answer
  • Does anyone know this?
    12·2 answers
  • Are the two triangles similar? How do you know?
    9·2 answers
  • 7200 plus what equals 8342
    12·1 answer
  • Find the area of the trapezoid. A. 675 ft2 B. 337.5 ft2 C. 187.5 ft2 D. 150 ft2
    15·2 answers
  • Tessa claims that a rotation of 90° clockwise about the center of some polygons will carry the polygon onto itself. Select two p
    8·2 answers
  • Functions f(x) and g(x) are composed to form h (x) = StartRoot x cubed minus 2 EndRoot. If f (x) = StartRoot x + 2 EndRoot and g
    6·1 answer
  • The circumference of a circle is 53.38 centimeters.
    14·1 answer
  • HELP ME THIS IS DUE TMR
    8·1 answer
  • 8. If the measure of one side of a square is increased by 2 centimeters and the measure of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!