PLEASE TYPE IT AND NOT HANDWRITTEN Mrs. Florentina Manayam wants to borrow P92,500 to buy a hand tractor that will be used on her farm. A local bank approved her loan payable in 3 years and 9 months....

PLEASE TYPE IT AND NOT HANDWRITTEN

Mrs. Florentina Manayam wants to borrow P92,500 to buy a hand tractor that will be used on her farm. A local bank approved her loan payable in 3 years and 9 months. If the local bank charges 9.5% interest in advance, what is the amount of loan that Mrs. Manayam must apply for?