The learner illustrates Compound Interest (M11GM-Ila-1) Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% compounded interest rate per year...

Probability and Statistics. Thank you!

Extracted text: The learner illustrates Compound Interest (M11GM-Ila-1) Compound Interest You received an amount of Php10000 and you plan to invest it for 5 years. A bank offers 2% compounded interest rate per year Compound Interest Şólution Amount aftert years (Maturity Value) Time(t) Principal Answer 10000 10000*0.02*1 200 10000 + 200 = 10200 10200 19200°0.02*1 204 10200 + 204 = 10404 3. 10404 10404*0.02*1 208.08 10404 + 208.08 = 10612.08 4 10612.08 10612.08*0.02*1 212.24 10612.08 + 212.24 = 10824.32 10824.32 10824.32 0.02*1 216.49 10824.32 + 216.49 11040.81 Answer these: Just follow the flow of solution from example above. Just change the red font value. Use table for your answer. You received an amount of Php8000 and you plan to invest it for 3 years. A bank offers 3% compound interest rate per year. 2.