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How long will Php 40,000.00 amount to Php 51,200.00 if the simple interest rate is at 12% per annum?

Posted: Wed Jan 02, 2019 11:51 pm
by Mitch
How long will Php 40,000.00 amount to Php 51,200.00 if the simple interest rate is at 12% per annum? Find the present value of Php 50,000.00 due in 4 years if money is invested at 12% compounded semi-annually.

The answer is: 31370.62