Principal ₱35,600 interest rate 6% time 9 month muturity value what is muturity value show your solution?
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Principal ₱35,600 interest rate 6% time 9 month muturity value what is muturity value show your solution?
please answer, it's necessary, thank you
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Answer:
To calculate the maturity value for each case, we can use the formula:
Maturity Value = Principal + (Principal * Interest Rate * Time)
Let's calculate the maturity value for each case:
1. Principal (P): ₱35,600
Interest Rate (r): 6% (0.06 as a decimal)
Time (t): 9 months (convert to years by dividing by 12)
Maturity Value = ₱35,600 + (₱35,600 * 0.06 * (9/12))
Maturity Value = ₱35,600 + (₱35,600 * 0.045)
Maturity Value = ₱35,600 + ₱1,602
Maturity Value = ₱37,202
2. Principal (P): ₱140,350
Interest Rate (r): 9% (0.09 as a decimal)
Time (t): 15 months (convert to years by dividing by 12)
Maturity Value = ₱140,350 + (₱140,350 * 0.09 * (15/12))
Maturity Value = ₱140,350 + (₱140,350 * 0.1125)
Maturity Value = ₱140,350 + ₱15,783.375
Maturity Value = ₱156,133.375
3. Principal (P): ₱75,800
Interest Rate (r): 8% (0.08 as a decimal)
Time (t): 2 years
Maturity Value = ₱75,800 + (₱75,800 * 0.08 * 2)
Maturity Value = ₱75,800 + (₱75,800 * 0.16)
Maturity Value = ₱75,800 + ₱12,128
Maturity Value = ₱87,928
4. Principal (P): ₱340,200
Interest Rate (r): 11% (0.11 as a decimal)
Time (t): 6 years
Maturity Value = ₱340,200 + (₱340,200 * 0.11 * 6)
Maturity Value = ₱340,200 + (₱340,200 * 0.66)
Maturity Value = ₱340,200 + ₱224,532
Maturity Value = ₱564,732
Therefore, the maturity values are:
1. ₱37,202
2. ₱156,133.375
3. ₱87,928
4. ₱564,732