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Compound-simple interest

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Reference no: EM133234216

Topic "Compound & Simple Interest". Write the solution and box the final answer. 

  1. The sum of P26,000 was deposited in a fund earning interest at 8% per annum compounded quarterly. What was the principal in the fund at the end of 3 years?
  2. Find the interest on Php 8,600.00 for 3 years at 11% simple interest.

Reference no: EM133234216

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