fbpx

Solution: Find the compounded interest at the end of 10 years.

(Last Updated On: December 8, 2017)

Find the compounded interest at the end of 10 years.

Problem Statement: ME Board April 1998

If P5,000.00 shall accumulate for 10 years at 8% compounded quarterly, find the compounded interest at the end of 10 years.

  • A. P6,005.30
  • B. P6,000.00
  • C. P6,040.20
  • D. P6,010.20

Problem Answer:

The compounded interest at the end of 10 years is P6,040.20.

Solution:

Solution: Find the compounded interest at the end of 10 years.

Latest Problem Solving in Engineering Economics (Simple & Compound Interest)

div.feedburnerFeedBlock ul li {background: #E2F0FD;
list-style-type: none;
margin:0 0 5px 0px;
padding:5px 5px 5px 10px !important;
border: 1px solid #0080ff;
border-radius:8px;
-moz-border-radius:8px;
-webkit-border-radius:8px;

}

div.feedburnerFeedBlock ul li:hover {
background:#ffffff;
}

div.feedburnerFeedBlock ul li a{
color:#ffffff;
text-decoration:none;
}

div.feedburnerFeedBlock ul li a:hover {
text-decoration: underline;
color: #000000;
}
div #creditfooter{
display: none;
}

More Questions in: Engineering Economics (Simple & Compound Interest)

Online Questions and Answers in Engineering Economics (Simple & Compound Interest)

Rate this:

Add Comment

© 2014 PinoyBIX Engineering. © 2019 All Rights Reserved | How to Donate? | Follow me on Blogarama DMCA.com Protection Status
mcq in computer fundamentals
➡️ MCQ in Computer Fundamentals Series | ECE Board Exam
mcq in industrial electronics
➡️ MCQ in Industrial Electronics Series | ECE Board Exam
MCQ in Power Generators (Cells and Batteries) Part 5 | ECE Board Exam
➡️ MCQ in Power Generators, Sources, Principles, Applications Series | ECE Board Exam
mcq in electrical circuit
➡️ MCQ in Electrical Circuit Series | ECE Board Exam

NEED SUPPORT: LIKE MY PAGE & SHARE