On her recent birthday, April 11, 2016, Shealtiela was given by her mother a certain sum of money as birthday present. She decided to invest the said amount on 20% interest . If the account will mature on Christmas day at an amount of P1,850,000, how much did she received from her mother on her birthday.

Answer rating: 100% (QA)

To solve this problem we can use the formula for compound interes... View the full answer