Monica

Monica left Php.900 to Bianca. When monica asked for it after 6 months, Bianca decided to give Php.945 instead because she was able to use the money. What interest rate on Monica's money was used by bianca?

Correct result:

p =  10 %

Solution:




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Dr Math
p = 10 % p.a. or 5% per 6 month

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