her recent birthday, February 08 2020, Nicole was given by her mother a certain sum of money as birthday present. She decided to invest the said amount on 6% exact simple interest. If the account will mature on Christmas day at an amount of P10,000.00
her recent birthday, February 08 2020, Nicole was given by her mother a certain sum of money as birthday present. She decided to invest the said amount on 6% exact simple interest. If the account will mature on Christmas day at an amount of P10,000.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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On her recent birthday, February 08 2020, Nicole was given by her mother a certain sum of money as birthday present. She decided to invest the said amount on 6% exact simple interest. If the account will mature on Christmas day at an amount of P10,000.00, how much did Nicole receive from her mother on her birthday?
Ps; Cash flow diagram
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