By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ? | MCQ Hive

Civil Engineering MCQs

Q By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

A A. 11.23 years
B B. 11.46 years
C C. 11.57 years
D D. 11.87 years

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