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Mr. Simon started to deposit Php 1,000.00 monthly in a fund that pays 6% compounded semi-annually. After 15 years, he
will have Php 290,076.28 in his fund. Give the value of each variable in the formula:
14. R
A. Php 1,000
B. 6%
C. Php 290,076.28
D. 15
15. F
A. Php 1,000
B. 6%
C. Php 290,076.28
D. 15
16. n
A. Php 1,000
B. 6%
D. 15
C. Php 290,076.28
17.j
C. Php 290,076.28
B. 6%
A. Php 1,000
D. 15​

Sagot :

DESTEEN643IN

Answer:

14.A

15.C

16.n=30

17. J= 0.03 or 3%

Step-by-step explanation:

16. n= mt [ 2 ( 15 years ] = 30 . so, n=30

17. j = i^4/m = 0.06/2

j = 0.03

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