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 answer:

p =  10 %

Step-by-step explanation:

p1=100 945900900=5 %  p=126 p1=126 5=10%

We will be pleased if You send us any improvements to this math problem. Thank you!

Showing 1 comment:
Dr Math
p = 10 % p.a. or 5% per 6 month


Tips to related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions:

  • You take
    exp_growth You take out Php 20 000 loan at 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after 10 years?
  • Account operations
    penize_49 My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
  • Shuyen
    penize_49 Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
  • Fix + percentages
    car1_6 Mrs. Vargas is a car sales agent who earns Php.5,850 monthly plus a 4% commision on all her sales. During a month, she sold a car worth Php.740,000. How much is her total earnings?
  • Saving 9
    penize_40 An amount of $ 2000 is invested at an interest of 5% per month. If $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount has accumula
  • Interest p.a.
    2dane-peniaze Calculate the value of interest in period of 1 year from the deposit 62000 CZK at 8 percent interest rate, after deducting 15 percent tax.
  • 3 years savings
    penize_35 Simple interest problem. Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK (crowns) will have total after 3 years?
  • Simple interest
    bank Peter put into bank 853 euros deposit. After 7 years on account overall was 984 euro. What was the interest rate if bank add simple interest?
  • School yearbook
    penize_49 Bianca sold Php.18,500 worth of advertisements for the school yearbook. If she is given a commission of 8%, how much did she earn for the advertisements?
  • Simple interest 2
    coins-uk Find the simple interest if 13905 USD at 4.5% for 6 months.
  • Repay, interest, loan
    repay Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
  • A loan
    exp_growth A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?
  • An investment
    exp_growth2 How long will it take for an investment to double at a simple interest rate of 5.10% per annum? Express the answer in years and months, rounded up to the next month.
  • Two accounts
    bankovka Two accounts in the bank, one per year interest 2%, the second 3%. Total interest income 1900 USD. If interest rates were reversed, the yield would be USD 200 higher. What are the amounts on each account?
  • Deposit is pesos
    penize_49 Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?
  • Loan 4
    penize_49 Mr santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term?
  • Principal and interest
    bank_pig Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?