Question

find the accumulated value of a principal of php50,000 if it is invested at an anual interest rate of 4% compounded quarterly for five years

Answer 1

Step-by-step explanation:

Principal= 50 000

Rate= 4%

Time= 5 years

S.I=

$\frac{p \times r \times t}{100}$

$\frac{50000 \times 4 \times 5}{100}$

10,000 is the answer