Question 1128047

The sum of PHP 26,000 was deposited in a fund earning interest at 8% per annum
compounded annually. What was the amount in the fund at the end of 3 years? 
 How long will it take money to triple itself if invested at 8% compounded annually?
 please help me Im really bad at word problems 
  i used the formula f = P(1 + i/12)^2n for compounded annually but the answer is diffrent from what i expected.
<pre>Formula is WRONG. That's why your answer is WRONG!