Shuyen

Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?

Result

x =  301.127 Php

Solution:

m=1+0.5100/121.0004  x=300 m9=300 1.00049301.1269301.127 Phpm=1 + \dfrac{ 0.5 }{ 100 } /12 \doteq 1.0004 \ \\ \ \\ x=300 \cdot \ m^9=300 \cdot \ 1.0004^9 \doteq 301.1269 \doteq 301.127 \ \text{Php}



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