document.write( "Question 824285: Find the account balance if the account starts with Php 100, has an annual rate of 4%, and the money left in the account for 12 years. \n" ); document.write( "

Algebra.Com's Answer #496301 by nerdybill(7384) $\"\"$ $\"About$

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Find the account balance if the account starts with Php 100, has an annual rate of 4%, and the money left in the account for 12 years.
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\n" ); document.write( "Assuming simple interest:
\n" ); document.write( "A = P(1+r)^t
\n" ); document.write( "where
\n" ); document.write( "P is 100
\n" ); document.write( "r is .04
\n" ); document.write( "t is 12
\n" ); document.write( ".
\n" ); document.write( "A = P(1+r)^t
\n" ); document.write( "A = 100(1+.04)^12
\n" ); document.write( "A = 100(1.04)^12
\n" ); document.write( "A = 100(1.601032218567680790102016)
\n" ); document.write( "A = Php 160.10
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