Answered: A P5,000 IS BORROWED FOR 60 DAYS AT 20%…

Engineering

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A P5,000 IS BORROWED FOR 60 DAYS AT 20% PER ANNUM SIMPLE INTEREST. HOW MUCH WILL BE DUE AT THE END OF 75 DAY.

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Question

A P5,000 IS BORROWED FOR 60 DAYS AT 20% PER ANNUM SIMPLE INTEREST. HOW MUCH WILL BE DUE
AT THE END OF 75 DAY.
O a. P1,566.67
O b. P5,166.67
O c. P5,616.67
O d. P5,661.67

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