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:

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)

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

Add Comment

© 2017 PinoyBIX Engineering. © 2017 All Rights Reserved | Donate
Basic Television - Grob TV  Chapter Exercises
Basic Television – Grob TV Chapter Exercises
Series of Multiple Choice Questions in Engineering Mathematics
Series of Multiple Choice Questions in Engineering Mathematics
Complete Practice Quiz in Electronic Devices and Circuit Theory
Complete Practice Quiz in Electronic Devices and Circuit Theory
Complete Practice Quiz in Data Communications and Networking
Complete Practice Quiz in Data Communications and Networking
Online Tool: Color Code Conversions
Online Tool: Color Code Conversions
Online Tool: Weight Measurement Conversions
Online Tool: Weight Measurement Conversions
Online Tool: Temperature Measurement Conversions
Online Tool: Temperature Measurement Conversions
Online Tool: Length Measurement Conversions
Online Tool: Length Measurement Conversions

Get FREE Review Course
in your inbox

Subscribe to our mailing list and get reviewers and updates to your email inbox.

Thank you for subscribing.

Something went wrong.