Nina opened a checking account earning4% interest on the average balance butis being charged P100 monthly. Ninais earning monthly regardless of thenumber of days there is each month.How much should she maintain daily tooffset the monthly charge?

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Answered: Nina opened a checking account earning…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Nina opened a checking account earning 4% interest on the average balance but is being charged P100 monthly. Nina is earning monthly regardless of the number of days there is each month.