Pedro invested his savings amounting to ₱150,000 in Bright Light Company. The company offered that his money will be getting 2.5% interest rate to be compounded semi-annually for 5 years. How much interest that his money will earn from his investment?
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Answer:
19840.62445
Step-by-step explanation:
paki brainliest po
Step 1: Our output value is 150000.
Step 2: We represent the unknown value with x
Step 3: From step 1 above, 150000=100%.
Step 4: Similarly, x=2.5%.
Step 5: This results in a pair of simple equations:
15000=100%(1)
x=2.5%(2)
Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both
equations have the same unit (%); we have
150000 100%
x =. 2.5%
Step 7: Again, the reciprocal of both sides gives
150000. 100%
x. =. 2.5%
=3750
Step 8: 3750×5=18750
=18,750