ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In how many years will it take P18, 000 accumulate to P20, 000 when deposited in a savings account that earns 0.250% compounded monthly?
A
506
B
505
C
42.16
D
42.15
Explanation: 
There is 1 question to complete.