fbpx

Solution: How much would the sum be on January 1, 1993?

(Last Updated On: December 8, 2017)

How much would the sum be on January 1, 1993?

Problem Statement: CE Board May 1996

P200,000 was deposited on January 1, 1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on January 1, 1993?

  • A. P401,170
  • B. P421,170
  • C. P521,170
  • D. P621,170

Problem Answer:

The sum of money will become P621,170 on January 1, 1993.

Solution:

Solution: How much would the sum be on January 1, 1993?

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)

If you liked this, then please subscribe to our YouTube Channel for engineering video tutorials. You can also find us on Twitter and Facebook. Lastly, Our app is now available on Google Play, Pinoybix Elex

Add Comment

© 2014 PinoyBIX Engineering. © 2019 All Rights Reserved | How to Donate? | Follow me on Blogarama DMCA.com Protection Status
mcq in computer fundamentals
➡️ MCQ in Computer Fundamentals Series | ECE Board Exam
mcq in industrial electronics
➡️ MCQ in Industrial Electronics Series | ECE Board Exam
MCQ in Power Generators (Cells and Batteries) Part 5 | ECE Board Exam
➡️ MCQ in Power Generators, Sources, Principles, Applications Series | ECE Board Exam
mcq in electrical circuit
➡️ MCQ in Electrical Circuit Series | ECE Board Exam

NEED SUPPORT: LIKE MY PAGE & SHARE

Our app is now available on Google Play, Pinoybix Elex

Get it on Google Play