Ms. Poo Hun deposited P120,000 in a cooperative with 2.5% rate of interest. After 10 years, she decided to withdraw all her money from that cooperative to start her own business. How much money will Ms. Poo Hun get? (5 points) How much is the interest of her investment? (5 points)
Ms. Poo Hun deposited P120,000 in a cooperative with 2.5% rate of interest. After 10 years, she decided to withdraw all her money from that cooperative to start her own business. How much money will Ms. Poo Hun get? (5 points) How much is the interest of her investment? (5 points)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Direction: Read and analyze the problem carefully, then, answer the questions that follow. Please read the point allotment provided to be guided on how you should answer each question.
Ms. Poo Hun deposited P120,000 in a cooperative with 2.5% rate of interest. After 10 years, she decided to withdraw all her money from that cooperative to start her own business.
- How much money will Ms. Poo Hun get? (5 points)
- How much is the interest of her investment? (5 points)
Point Allotment:
- Correct identification of the known values (2 point)
- Correct and complete solution (2 points)
- Correct answer (1)
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