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Populaire Word Problems >

Find the future value on a loan of ₱100,000 if the loan is given at a rate of 2% and is due in 5 years?

Solution

F in d t h e f u t u re v a l u e o n a l o an o f ₱100, 000 i f t h e l o an i s g i v e n a t a r a t e o f 2% an d i s d u e in 5 ye a rs ?

Solution

Amount : 110000

étapes des solutions

Translate the problem into an equation:

A = 100000 (1 + 0.02 \cdot 5)

100000 (1 + 0.02 \cdot 5) = 110000

Amount : 110000

Exemples populaires

What is the present value of ₱ 70,000 at 8% simple interest for 5 years?if miss lisa borrowed 100000 at 8 percent interest or 2 years how much money will se repay ncluding the principal after 2 years to buy a computer raquel borrowed 10.000.00 at 3% interest for 4 years how much money did she have to pay back at what simple interest rate per annum will P25,000 accumulate to P33,000 in 5 years?Aling Nette borrowed P 108,500 at annual interest rate of 15 1/4 %. How much will she pay at the end of 1.5 years