Question

What is the present value of Php 65,000
at 11% Compounded annually for 4 years ?​

Answer 1

Answer:

l is 28600

Step-by-step explanation:

interest is 28600

Answer 2

Given: Php 65,000 is compounded annually at 11% for 4 years

To find: Present value of the money invested

Explanation: Let the money invested be denoted by p, rate be r, amount be a and time be t.

The formula for calculating the amount in compound interest is given by:

$a = p ({1 + \frac{r}{100} )}^{t}$

Here, p = 65,000

r= 11%

t= 4 years

Using the values in the above formula:

$a = 65000 {(1 + \frac{11}{100}) }^{4}$

$a = 65000 ({ \frac{100 + 11}{100}) }^{4}$

$a = 65000 ({ \frac{111}{100}) }^{4}$

$a = 65000 {(1.11)}^{4}$

a= 65000 × 1.51807041

a= 98,674.57665

The present value of the invested money is the value of the amount.

Therefore, the present value of Php 65,000 is Php 98,674.57665