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

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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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
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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