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A government agency issued bond certificates bearing 7 [tex]\frac{1}{2}[/tex]% annual interest. Mr. Padua, a retired engineer, invested Php 2.175 million. How much will his investment be after a year?(SHOW SOLUTION)
A government agency issued bond certificates bearing 7 [tex]\frac{1}{2}[/tex]% annual interest. Mr. Padua, a retired engineer, invested Php 2.175 million. How much will his investment be after a year?(SHOW SOLUTION)
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Investment offer one year will be Php 2.338125 millions.
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