Solution: How much money did he put in the jar in the last month?

Problem Statement: EE Board April 1997

Once a month, a man puts some money into the cookie jar. Each month he puts 50 centavos more into the jar than the month before. After 12 years, he counted his money, he had P5, 436. How much money did he put in the jar in the last month?

Problem Answer:

He put P 73.50 in the jar in the last month.

Solution:

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