Determine the annual rate of continuously compounding interest in a savings account if an amount of Php 3000 is initially deposited in the bank and after 16 months, the amount in the account is Php...


Determine the annual rate of continuously compounding interest in a savings account if an amount of Php 3000 is initially deposited in the bank and after 16 months, the amount in the account is Php 4000. Determine also the amount in the account after 45 months the initial deposit was made. Assume no additional withdrawals and deposits.



Jun 05, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here