Solve for the following problems using compound interest formula. 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per annum and compounded monthly. What...


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Solve for the following problems using compound interest formula.<br>1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per annum and<br>compounded monthly. What is the amount he gets after 1 year, 2 years and 3 years?<br>

Extracted text: Solve for the following problems using compound interest formula. 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per annum and compounded monthly. What is the amount he gets after 1 year, 2 years and 3 years?

Jun 08, 2022
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