Question

Enlyn and Company has an excess money of P20,000. If the excess money is placed in a
commercial paper that earns 11% per annum compounded monthly for 1 year. What is the
maturity value of the investment?​

Answer 1

Answer:

$\sf{ \red{ \underline{ \underline{correct \: questions : }}}}$

Enlyn and Company has an excess money of P20,000. If the excess money is placed in a

commercial paper that earns 11% per annum compounded monthly for 1 year. What is the

maturity value of the investment?

$\sf{ \red{ \underline{ \underline{note: }}}}$

$\sf\: si \: = \: \frac{prt}{100}$

$\sf{ \red{ \underline{ \underline{note : }}}}$

$\sf{s.i \: = \: \frac{prt}{100} }$

$\sf{ \red{ \underline{ \underline{let \: us \: solve : }}}}$

$\sf \frac{20000 \times 11 \times 1}{100}$

$\sf{200 \times 11}$

$\sf{ \red{ \bold{ = > 4400} }}$

$\sf{ \red{ \underline{ \underline{profit + principle = amount }}}}$

$\bold{20000 + 4400}$

$\bold{20440}$