Solution: In how many year is required for P2,000 to increase by P3,000

(Last Updated On: December 8, 2017)

In how many year is required for P2,000 to increase by P3,000

Problem Statement: ECE Board April 1999

In how many year is required for P2,000 to increase by P3,000 if interest at 12% compounded semi-annually?

  • A. 8 years
  • B. 9 years
  • C. 10 years
  • D. 7 years

Problem Answer:

It will take 8 years for P2,000 to increase by P3,000 if interest at 12% compounded semi-annually.

Solution:

Solution: In how many year is required for P2,000 to increase by P3,000

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

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