Elena wanted to invest in a trust fund. She borrows from a credit cooperative that charges 8% simple interest rate to be deducted in advance and payable in 2 years. How much will she borrow to start...

Elena wanted to invest in a trust fund. She borrows from a credit cooperative that charges 8% simple<br>interest rate to be deducted in advance and payable in 2 years. How much will she borrow to start investing<br>P50, 000?<br>Select the correct response:<br>52, 085.23<br>55, 700.00<br>59, 523.81<br>60, 250.00<br>

Extracted text: Elena wanted to invest in a trust fund. She borrows from a credit cooperative that charges 8% simple interest rate to be deducted in advance and payable in 2 years. How much will she borrow to start investing P50, 000? Select the correct response: 52, 085.23 55, 700.00 59, 523.81 60, 250.00

Jun 11, 2022

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Elena wanted to invest in a trust fund. She borrows from a credit cooperative that charges 8% simple interest rate to be deducted in advance and payable in 2 years. How much will she borrow to start...

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