Answered: 1. Mrs. Natividad paid P5,380 on a loan…

1. Mrs. Natividad paid P5,380 on a loan made in 6 months at 8% simple interest. Find the original amount of her loan. (Round off your final answer to two decimal places.) Your answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 11RE: Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the...

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Question

1. Mrs. Natividad paid P5,380 on a loan made in 6 months at 8% simple
interest. Find the original amount of her loan. (Round off your final answer to
two decimal places.)
Your answer

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