You dont have javascript enabled! Please enable it! Solution: When will the girl receive the money if fund invested at 8% compounded quarterly?

Solution: When will the girl receive the money if fund invested at 8% compounded quarterly?

Solution: When will the girl receive the money if fund invested at 8% compounded quarterly?

Problem Statement: Engineering Economics

Compound Interest Problem Solving

By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?

A. 11.23 years

B. 11.46 years

C. 11.57 years

D. 11.87 years

Problem Answer:

The girl will receive the money in 11.57 years if fund invested at 8% compounded quarterly.

View Solution:

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