An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?
A. 11.89 %
B. 12.00 %
C. 12.08 %
D. 12.32 %
An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?