EXAMPLE 10How many years are required for P 1,000 to increase to P 2,000 if invested at9% per year compounded annually, semi-annually, quarterly, monthly, and daily.Solution:GIVEN:P = Php 1,000.F = Php 2,000.n = ? in yearsif i = 9%ca , i = 9%csa , i = 9%cq, i = 9%cm , i = 9% cd%3D%3D

Given Data⇒ New balance(A)= P 2000 Amount invested(P)= P 1000

Answered: EXAMPLE 10 How many years are required…

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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EXAMPLE 10 How many years are required for P 1,000 to increase to P 2,000 if inve 9% per year compounded annually, semi-annually, quarterly, monthly, and Solution: GIVEN: P = Php 1,000. F = Php 2,000. n = ? in years