TOPIC: Uniform Arithmetic Gradient and Uniform Geometric Gradient

ENGINEERING ECONOMICS 1.An employee was promised by his boss that he will have a salary of P295,000 on his rst month and will be increased by 30.7% on the succeeding months. What will be his total salary for one year if interest is 24% compounded annually. 2. A certain amount was borrowed today and to be paid for 5 years. The rst payment was P310300 made at the end ot the rst year and the succeeding payments to be increased by P30,500 per year. How much is the borrowed amount