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If the future value F is calculated to be P1500 and the simple interest / is P150, how much is the principal P? O P1,350.00 O P2,090.00 O P2,268.00

If the future value F is calculated to be P1500 and the simple interest / is P150, how much is the principal P? O P1,350.00 O P2,090.00 O P2,268.00

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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If the future value F is calculated to be P1500 and the simple interest / is P150, how much is the principal P? O P1,350.00 O P2,090.00 O P2,268.00
Transcribed Image Text:If the future value F is calculated to be P1500 and the simple interest / is P150, how much is the principal P? O P1,350.00 O P2,090.00 O P2,268.00
A lending group charges 5% (r=0.05) simple interest. How much money was originally borrowed (P) if the total loan F is P10,000 after 3 years (t). O P7,001,223.05 OP6,255.00 ⒸP8.695.65
Transcribed Image Text:A lending group charges 5% (r=0.05) simple interest. How much money was originally borrowed (P) if the total loan F is P10,000 after 3 years (t). O P7,001,223.05 OP6,255.00 ⒸP8.695.65
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