Solution: How much is P5,000 worth in 10 years in a continuous compounded account?

(Last Updated On: January 22, 2020)

How much is P5,000 worth in 10 years in a continuous compounded account?

Problem Statement: ME Board April 1998

If the nominal interest rate is 3%, how much is P5,000 worth in 10 years in a continuous compounded account?

  • A. P5,750
  • B. P6,750
  • C. P7,500
  • D. P6,350

Problem Answer:

In 10 years, P5,000 will be worth P6,750

View Solution:
Solution: How much is P5,000 worth in 10 years in a continuous compounded account?

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