B. Find the unknown.
1. F = P105,000 P = P12.000
t = 8.5 years
Money is compounded monthly, j =? (m) =?
2. Shane borrowed an amount of P65,000 which she paid with an
interest of P3,400 at the of 4 years. At what nominal rate
compounded semi-annually was it invested?
3. How long will it take Php6,500 to amount to Php8,500, if the interest
rate is 6% compounded quarterly?
4. Find the rate compounded semi-annually that is equivalent to 6%
compounded monthly.
