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Solution: How much will a deposit of P1,500 be in 15 years?

(Last Updated On: January 9, 2020)

How much will a deposit of P1,500 be in 15 years?

Problem Statement: ECE Board November 1998

At an interest rate of 10% compounded annually, how much will a deposit of P1,500 be in 15 years?

  • A. P6,100.00
  • B. P6,234.09
  • C. P6,265.87
  • D. P6,437.90

Problem Answer:

At an interest rate of 10% compounded annually, in 15 years a deposit of P1,500 will become P6,265.87.

Solution:

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Solution: How much will a deposit of P1,500 be in 15 years?

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