Liam borrowed money from a bank worth P15,000.00 on January 11, 2020. They agreed on a simple interest scheme with an interest rate of 6 % per annum, he promised to pay his loaned amount on March 10,...

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Extracted text: Liam borrowed money from a bank worth P15,000.00 on January 11, 2020. They agreed on a simple interest scheme with an interest rate of 6 % per annum, he promised to pay his loaned amount on March 10, 2021. (a) How much will the bank earned from this transaction? Answer in pesos with round off to two (2) decimal places.