1. At the time Jorel was born, her mother invested an amount of 200,000 to a trust bank. The bank offers a simple interest of 20% for the three years, and 7% interest compounded semi-annually on the succeeding years. Assuming that no money was withdrawn for the first three years, a. Determine the amount of the investment three years after. b. c. Determine the amount of the investment twenty years after. If 100,000 pesos was withdrawn on the 10th year of the investment, determine the new total amount of investment 20 years after the first investment was made.

Structural Analysis
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ISBN:9781337630931
Author:KASSIMALI, Aslam.
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Chapter2: Loads On Structures
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1. At the time Jorel was born, her mother invested an amount of 200,000 to a trust bank. The bank
offers a simple interest of 20% for the three years, and 7% interest compounded semi-annually
on the succeeding years. Assuming that no money was withdrawn for the first three years,
Determine the amount of the investment three years after.
a.
b. Determine the amount of the investment twenty years after.
C.
If 100,000 pesos was withdrawn on the 10th year of the investment, determine the new
total amount of investment 20 years after the first investment was made.
Transcribed Image Text:1. At the time Jorel was born, her mother invested an amount of 200,000 to a trust bank. The bank offers a simple interest of 20% for the three years, and 7% interest compounded semi-annually on the succeeding years. Assuming that no money was withdrawn for the first three years, Determine the amount of the investment three years after. a. b. Determine the amount of the investment twenty years after. C. If 100,000 pesos was withdrawn on the 10th year of the investment, determine the new total amount of investment 20 years after the first investment was made.
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