Mrs. Santos 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. Then what is the...


Mrs. Santos 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.


Then
what is the total amount or the future value?
And
After how many years will his investment grow from 9,700 to 50,000?



Jun 11, 2022
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