Problem Statement: ECE Board April 1999
The amount of P50,000 was deposited in the bank earning at interest of 7.5% per annum. Determine the total amount at the end of 5 years, if the principal and interest were not withdrawn during the period?
- A. P71,781.47
- B. P72,475.23
- C. P70,374.90
- D. P78,536.34
The total amount at the end of 5 years of P50,000 deposited in the bank is P71,781.47.
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