On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as  birthday present. She decided to invest the said amount of 20% exact simple interest. If the account  will mature on Christmas day at an amount P10,000.00, how much did Nicole receive from her mother  on her birthday?

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A: Months between : 21 Sept 2022   To    4 Jan 2024  => 15 months 14 days  = 15.5 months approx…

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A:

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A: * ANSWER :-

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A: We are going to set up the mathematical equation to answer this question.

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A:

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A: The present worth technique is very famous in industry since every single future expense and incomes…

Q: The Stafford plan now offers student loans at 4% annual interest. After two years the interest rate…

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