A man pays his debt in the following manner: P1000 after 1 yr 900 after 2 yrs P800 after 3 years and so on up to 6th yr,

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A man pays his debt in the following manner: P1000 after 1 yr 900 after 2 yrs P800 after 3 years and so on up to 6th yr,

Post by answerhappygod »

A man pays his debt in the following manner: P1000 after 1 yr900 after 2 yrs P800 after 3 years and so on up to 6th yr, Find theaccumulated amount of these payments at the rate of 9% compoundedannually.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”