If Karen placed an amount of 9,700 Php in an investment that pays an interest rate of 12%, compounded semi-annually. She wants her money to grow to a total amount of 50,000 Php. What is the rate of...


If Karen placed an amount of 9,700 Php in an investment that pays an interest rate of 12%, compounded semi-annually. She wants her money to grow to a total amount of 50,000 Php.


What is the
rate of interest and initial or principal amount?
Then
how many times is compounding done in a year?



Jun 11, 2022
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