Question: please answer 6. If the compound interest on P3, 000.00 in 2 years is P500.00, then the compound interest on P3, 000.00 in 4 years
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6. If the compound interest on P3, 000.00 in 2 years is P500.00, then the compound interest on P3, 000.00 in 4 years is 7. The salary of Mr. Cruz is increased by 30% every 2 years beginning January 1, 1982. Counting from that date, at what year will his salary just exceed twice his original salary? 8. If you borrowed P10, 000 from a bank with 181 interest per annum, what is the total amount to be repaid at the end of one year? 9. What is the effective rate for an interest rate of 124 compounded continuously? 10. How long will it take for an investment to fivefold its amount if money is worth 74% compounded semiannually
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