For numbers 9-10, refer to the given problem below.
Bryan is considering two investments, one is ₱275.000.00 at 10% interest rate for 15 years, and the other one is ₱275.000.00 at 12% interest rate for 13 years. Both investments are compounded annually.
9. Which investment will yield more
A. Investment 1
B. Investment 2
C. Both imestments
D. None of the toro investments
10. How much is the compound interest of the investment with higher yields
A. ₱873,734.25
B. ₱924,906.61
C. ₱873,743.25
D. ₱924,960.61
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Answer:
1 c
2 b
im. not. sure. po
i. hope. maka. tulong