Question #262224

Using exponential functions. You take out Php 20,000 loan at a 5% interest rate compounded anually. How much will you owe after 10 years?


1
Expert's answer
2021-11-08T17:32:20-0500

P=20000(1+0.05)10=32577.89.P=20000(1+0.05)^{10}=32577.89.


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