What interest rate per annum if a fund paying its clients if the third to the last payment of a depositor became php 1,039.90 from an initial savings payment of php 1,000.00?

The rate of interest per annum is 1.3%.

Step-by-step explanation:

Given  Principal P = $1000

time period n = 3

Amount A = $1039.90 ≈ $1040

To find rate (r) of interest per annum

We know that :

⇒  interest rate per annum = 1.3%.

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step-by-step explanation: