document.write( "Question 1171663: Find the interest charged on a loan of Php10,900 for 3 years at 7% compounded semiannually. \n" ); document.write( "
Algebra.Com's Answer #796582 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! The amount at the end of the three years is 10900(1+(0.07/2))^6=13398.88 \n" ); document.write( "that means the interest was 2498.88 Php \n" ); document.write( "- \n" ); document.write( "Also (1+0.035)^6-1 multiplied by the original principal. \n" ); document.write( " |