Answer to Question #333881 in Financial Math for Shang

Question

1. At what interest rate will the P13,250 amount to P 17,500 for the period of March 5, 2000 to April 5, 2017?

2. Selvyn has P35,000.00, decided to buy a new gadget at P30,000.00, and invested the remaining P5,000.00-in an instrument that offers 4.5% interest rate per annum. After five years, the gadget's value has downgraded drastically compared to his P5,000.00 investment. How much is the worth of the investment five years later? If he invested the other way around, how much money will it make?

3. If Steph wants to double her money in five years, at what rate of interest will she invest her money?

Answer 1

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