Answered: 1. How much interest is earned when an…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8% for 5 years?

2. How much amount will the investor in problem no.1 received in 5 years?

3. For 5 years, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering business with a friend and is earning an annual rate of 3%. His earnings from that investment go directly to his savings. How much will his savings be in two years?

4. If 10,000php is invested in account paying 6% compounded quarterly;

A. How much will be in the account at the end of 5years?

b. How much interest will it earn?

C. Compare the interest it will earn if it is paid at simple interest rate

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For 5 years, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering business with a friend and is earning an annual rate of 3%. His earnings from that investment go directly to his savings. How much will his savings be in two years?

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