MATURITY VALUE AND INTEREST
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» Find the Maturity Value of the given.
[tex] \: : \implies \sf \large V=P \times {(1 + r)}^{n} [/tex]
[tex] \implies \sf \large V=50\,000 \times {(1 + 5\%)}^{8} [/tex]
[tex]\implies \sf \large V=50\,000 \times {(1.05)}^{8} [/tex]
[tex]\implies \sf \large V=50\,000 \times 1.44[/tex]
[tex]\implies \sf \large V=72\,000 \\ \\ [/tex]
Maturity Value:
[tex] \tt \huge » \: \purple{₱\,72\,000.00}[/tex]
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» Find the Interest of the given.
[tex] \: : \implies \sf \large I_s = Prt[/tex]
[tex] \implies \sf \large I_s = 50\,000(5\%)(8)[/tex]
[tex] \implies \sf \large I_s = 50\,000(0.05)(8)[/tex]
[tex] \implies \sf \large I_s = 50\,000(0.4)[/tex]
[tex] \implies \sf \large I_s = 20\,000 \\ \\ [/tex]
Interest:
[tex] \tt \huge » \: \purple{₱\,20\,000.00}[/tex]
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