SOLUTION: A lender offer 1.5% annual interest rate, compounded annually, for a certain fun give an exponential model for sum Php 50,000.00 under this scheme hoe much money will ther be in th

SOLUTION: A lender offer 1.5% annual interest rate, compounded annually, for a certain fun give an exponential model for sum Php 50,000.00 under this scheme hoe much money will ther be in th

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Question 1190192: A lender offer 1.5% annual interest rate, compounded annually, for a certain fun give an exponential model for sum Php 50,000.00 under this scheme hoe much money will ther be in the account after 5 years

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
This is 50000(1+0.015)^5 for annual compounding
=53864.20 Php (round at the end)
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