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:

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)

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

Add Comment

© 2017 PinoyBIX Engineering. © 2017 All Rights Reserved | Donate
Basic Television - Grob TV  Chapter Exercises
Basic Television – Grob TV Chapter Exercises
Series of Multiple Choice Questions in Engineering Mathematics
Series of Multiple Choice Questions in Engineering Mathematics
Complete Practice Quiz in Electronic Devices and Circuit Theory
Complete Practice Quiz in Electronic Devices and Circuit Theory
Complete Practice Quiz in Data Communications and Networking
Complete Practice Quiz in Data Communications and Networking
Online Tool: Color Code Conversions
Online Tool: Color Code Conversions
Online Tool: Weight Measurement Conversions
Online Tool: Weight Measurement Conversions
Online Tool: Temperature Measurement Conversions
Online Tool: Temperature Measurement Conversions
Online Tool: Length Measurement Conversions
Online Tool: Length Measurement Conversions

Get FREE Review Course
in your inbox

Subscribe to our mailing list and get reviewers and updates to your email inbox.

Thank you for subscribing.

Something went wrong.