ENGINEERING ECONOMY Answer the following problems:
Homework Answers
Interest earned on the amount = 12%
Future value of investment = PHP 15000
=> 15000 = Amount invested(A) + Interest earned on A
=> 15000 = A + 0.12*A
=> A = PHP 13392.8571
So, Cain recieved about PHP 13393 on his birthday.
Thank You
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