Solution: What will be the future worth of P25,000 after 12 months?

(Last Updated On: December 8, 2017)

What will be the future worth of P25,000 after 12 months?

Problem Statement: ECE Board November 1998

What will be the future worth of money after 12 months, if the sum of P25,000 is invested today at simple interest rate of 1% per month?

  • A. P30,000
  • B. P29,000
  • C. P28,000
  • D. P27,859

Problem Answer:

The future worth of P25,000 after 12 months is P28,000.

Solution:

Solution: What will be the future worth of P25,000 after 12 months?

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

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