document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1178092>Question 1178092</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At what rate compounded quarterly will Php 14, 000 become Php 16, 500 for 3 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #807251 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=807251\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Solving for rate r as a decimal<BR>\n" );
document.write( "r = n[(A/P)^(1/nt) - 1]<BR>\n" );
document.write( "r = 4 × [(16,500.00/14,000.00)^(1/(4)(3)) - 1]<BR>\n" );
document.write( "r = 0.0551444\r<BR>\n" );
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document.write( "Then convert r to R as a percentage<BR>\n" );
document.write( "R = r * 100<BR>\n" );
document.write( "R = 0.0551444 * 100<BR>\n" );
document.write( "R = 5.514%/year\r<BR>\n" );
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