Page 14 - MATH 101 | GROUP 5 PT
P. 14
O W N Y O U R W O R L D
The simple interest and future
value of this product are 462,
106.75 PHP and 2, 544, 607.75
PHP respectively. The compound
interest and future value of this
product are 444, 421.28 PHP and
2, 526, 921.28 PHP respectively.
Therefore, the compound interest
is the best choice because it costs
less. In choosing this, you can save
an amount of 17, 686.47 PHP.
