document.write( "Question 1186455: 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 on 20% exact simple interest. If the account will mature on Christmas day at an amount of P 10,000.00, How much did Nicole receive from her mother on her birthday \n" ); document.write( "
Algebra.Com's Answer #849458 by ikleyn(52788)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as birthday present. \n" ); document.write( "She decided to invest the said amount on 20% exact simple interest. If the account will mature \n" ); document.write( "on Christmas day at an amount of P 10,000.00, How much did Nicole receive from her mother on her birthday \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To me, it is unclear why the tutor @CPhill uses the year 2020 as the maturity year.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Nothing in the problem points in it.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The problem says \"On her recent birthday, April 22, 2001 . . . \", \n" ); document.write( "so, the expected year, when the account is mature, is the year 2001.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is very unnatural that a deposit has 20% simple interest during about 20 years.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, the solution and the answer in the post by @CPhill are irrelevant, in my view, \n" ); document.write( "reflecting his fantasy, not the problem's context.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |