Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account balance today amounts to P168,900, approximately how many months did she invest her money? O 9 months O 10 months O 8 months O 11 months
Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account balance today amounts to P168,900, approximately how many months did she invest her money? O 9 months O 10 months O 8 months O 11 months
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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![Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account balance today amounts to P168,900,
approximately how many months did she invest her money?
O 9 months
O 10 months
O 8 months
O 11 months](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5998a153-ae56-4fc8-9e77-da4c78b3bd6d%2Fecdfae63-3a90-4fe4-b725-cd85b257cc36%2F6113mc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account balance today amounts to P168,900,
approximately how many months did she invest her money?
O 9 months
O 10 months
O 8 months
O 11 months
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