2. If P20,000.00 is invested at 10% compounded quarterly, when will the amount of investment be

Name: 2. If P20,000.00 is invested at 10% compounded quarterly, when will the amount of investment be tripled?
Uploaded: 2023-07-22T13:24:42-08:00
Duration: 39 s
Channel: Numerade
Description: 2. If P20,000.00 is invested at 10% compounded quarterly, when will the amount of investment be tripled?

Question

Supreeta N · Answer

Hello student here $1000 is invested in the account earning 2 % compound quarterly how long will

Sreeraj P · Answer

This question is about compounding interest and here what we have here is that we have an initia

Steven Clarke · Answer

Okay, what we have here is continuous compounding. And the formula they give you, AFT is P -E -R

Adi S · Answer

In this question we have been given that at what quarterly compounded nominal rate of interest w

Gregory Higby · Answer

So they already tell you to use this formula, and that&#x27;s because we are compounding continuously

Question

2. If P20,000.00 is invested at 10\% compounded quarterly, when will the amount of investment be tripled?

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