Mathematics, 15.02.2021 14:00 phelanpearson3995
2. If the principal P is invested at an interest rate r compounded annually, the amount A after t years
is given by formula A = P(1 + r). If P10,000 is invested at 15% interest and yields P20,000, how many
years was it invested?
c. 5 years
d. 6 years
a. 3 years
If the interest is camnounded annually, how
b. 4 years
Answers: 2
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2. If the principal P is invested at an interest rate r compounded annually, the amount A after t ye...
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