Solve the following problems on compound interest. 1. James invested P150,000.00 at 2.5% interest compounded semi annually. Find the maturit value if he invests for (a) 4 years? (b) 8 years? (c) How...

2. Jenny is planning to deposit P17,000 Quezon Metropolitan Bank is offering 7.5% compounded semi-annually for 5 years while Quezon Premier Bank is offering 7% compounded monthly for 5 years. Which bank should shr deposit her money?

Extracted text: Solve the following problems on compound interest. 1. James invested P150,000.00 at 2.5% interest compounded semi annually. Find the maturit value if he invests for (a) 4 years? (b) 8 years? (c) How much is the additional interest earned due to the longer time? 2. Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded semi-annually for 5 years while Quezon Premier Bank is offering 7% compounded monthly for 5 years. Which bank should she deposit her money? 23