Question discussion

An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest.

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An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest.
  • A11.89 %
  • B12.00 %
  • C12.08 %
  • D12.32 %
Correct answer: B

Discussion 1

0
CCommunity
12.00 %