Question: clear and complete solutions 1. How long will it take money to triple itself if invested at 5% compound interest rate? 2. By the condition

clear and complete solutions
clear and complete solutions 1. How long will it take money to

1. How long will it take money to triple itself if invested at 5% compound interest rate? 2. By the condition of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if the fund is invested at 8% compounded quarterly? 3. If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after seven years and nine months

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