the primapas Conserting the rate 6% to decimal form we get 206. Thus, 0.06 x
1000 = +60 Hence, the yearly interest is 60
Principal
1000.00
1000.00
Yearly Interest
60.00
60.00
Balance at End Year
1060.00
1120.00
4
Bank B. Compomnd Interest. Complete the second table that shows the balance
after 10 years with interest that is compounded annually.
Principal
Artual Interest
1000 x 0.06 = 60.00
1060 x 0.06 = 63.60
Balance at End Year
1000 60 - 1060.00
1060 + 63.60 =1123
60
1000.00
WEEK 2:
SONG PROBUDUS YOVING
NTEREST, MATURITY VALUE PRESENT
Directions: Consider the problem below the answer the questions that
follows
WALDE OF ANNUAL SIMPLE AND
COMPOUND INTEREST
when invested at an annual interest rate of 10% an amount eamed Php 14,000 of stemple
interest in three years and 6 months. How much money was originally invested?
1. what is being askord in the problem?
2. wat is the formula you are going to use?
3. How much money was originally invested? Show your solution​