A man borrows P5,430 from a loan association. In repaying this debt, he has to pay P425 at the end of every 3 months on the principal and a simple interest of 14.75% on the principal outstanding at...


A man borrows P5,430 from a loan<br>association. In repaying this debt, he has to<br>pay P425 at the end of every 3 months on the<br>principal and a simple interest of 14.75% on<br>the principal outstanding at that time.<br>Determine the total amount he must pay after<br>paying all his debt.<br>

Extracted text: A man borrows P5,430 from a loan association. In repaying this debt, he has to pay P425 at the end of every 3 months on the principal and a simple interest of 14.75% on the principal outstanding at that time. Determine the total amount he must pay after paying all his debt.

Jun 11, 2022
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