5. After graduation, Rufel found a job that offers a monthly salary of P1351
He saved P5 000 out of his monthly salary for one year and invested the
amount in a company that offers 4% interest compounded annually. Hon wo
much will this investment be worth at the end of five years?
He saved P5 000 out of his monthly salary for one year and invested the
amount in a company that offers 4% interest compounded annually. Hon wo
much will this investment be worth at the end of five years?
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answer:
10,000
Step-by-step explanation:
5000 × .4(4%) = 2000 × 5 = 10,000