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