Exactly 140 years ago, my great-grandmother deposited P190 in a bank as part of a savings plan. She forgot all about the deposit during her lifetime. Two years ago the bank notified my family that the account was worth P200,000. What was the nominal interest rate compounded semi-annually in this situation?
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Exactly 140 years ago, my great-grandmother deposited P190 in a bank as part of a savings plan. She forgot all about the deposit during her lifetime. Two years ago the bank notified my family that the account was worth P200,000. What was the nominal interest rate compounded semi-annually in this situation?
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