In order to save for her high school graduation. Kathrina decided to save P200 at the end of every other month, starting the end of the second month. If the bank pays 0.250% compounded monthly, how much will be her money at the end of 5 years?
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Feb, April, June, August, Oct, Dec= 6months
200×6months= 1200
0.250 × 1200=300
300 × 5 years =1500 interest
1200 × 5 years= 6000 her money after 5 years
1500+6000=7500
P.s: I'm not quite sure about this, but I hope it does help...