Page 8 - MATH 101 | GROUP 5 PT
P. 8
G O F U R T H E R F A S T E R
The simple interest and future
value of this product are 141,
461.25 PHP and 778, 961.25 PHP
respectively. The compound
interest and future value of this
product are 136, 047.33 PHP and
773, 547.33 PHP respectively.
Therefore, the compound interest
is the best choice because it costs
less. In choosing this, you can save
an amount of 5,413.92 PHP.
