Sonny who invested ₱45,800 had ₱82,420 returned to him 4 years and 4 months later. At what interest converted monthly did his money earn?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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Sonny who invested ₱45,800 had ₱82,420 returned to him 4 years and 4 months later. At what interest converted monthly did his money earn?
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