sarmientojazzel
Deposits of ₱200 made at the end of each month accumulate interest at 5% compounded every year. How much will be accumulated after six years?
\huge{ \underline{ \tt{₱ \: 268}}} ₱268
\huge{ \blue{ \rm{Explanation }}}:Explanation:
Formula : \large{ \boxed{ \rm{S = P × (1 + i) ^{n} }}} S=P×(1+i) n
whereas;
P = principal i = interest n = number of time Solution : \large{{ \rm{S = 200 × (1 + 5\%) ^{6} }}}
Answers & Comments
Answer:
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\huge{ \underline{ \tt{₱ \: 268}}}
₱268
\huge{ \blue{ \rm{Explanation }}}:Explanation:
Formula :
\large{ \boxed{ \rm{S = P × (1 + i) ^{n} }}}
S=P×(1+i)
n
whereas;
P = principal
i = interest
n = number of time
Solution :
\large{{ \rm{S = 200 × (1 + 5\%) ^{6} }}}