5. Five days after New Year, Marie had an automobile accident. She needed to buy a new car so she borrowed P800,000 on January 12, 2020. On April 16 of the same year, she received a cash gift from his father and repaid the amount she borrowed together with a 12.5% simple interest rate. Determine the following:

a. Number of exact interest days
b. Ordinary interest
c. Maturity Value

Question

03-03-2022
Math

Answered

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5. Five days after New Year, Marie had an automobile accident. She needed to buy a new car so she borrowed P800,000 on January 12, 2020. On April 16 of the same year, she received a cash gift from his father and repaid the amount she borrowed together with a 12.5% simple interest rate. Determine the following:

a. Number of exact interest days
b. Ordinary interest
c. Maturity Value

Sagot :

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