If a man invests "₱" 500,000 at 4% interest rate compounded yearly , how much will be the investment amount to at the end of 20 years ?
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If a man invests "₱" 500,000 at 4% interest rate compounded yearly , how much will be the investment amount to at the end of 20 years ?
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Answer:
9,600,000
Step-by-step explanation:
500,000 - 4% ...
4% = 20,000
500,000 - 20,000 = 480,000
480,000 x 20 = 9,600,000