Alma borrowed some money from a friend two hundred and seventy-five days ago at a simple interest of 12%. If she pays her friend P25,000 now, how much did Alma borrow earlier?
Alma borrowed some money from a friend two hundred and seventy-five days ago at a simple interest of 12%. If she pays her friend P25,000 now, how much did Alma borrow earlier?
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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Please solve this question and kindly use this formula
F=P(1+in)
![2. Alma borrowed some money from a friend two hundred and seventy-five days ago at a
simple interest of 12%. If she pays her friend P25,000 now, how much did Alma borrow
earlier?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F557d9425-91a9-49a4-8b33-9bcc51004f9e%2F0e437970-4152-4c98-905b-d4748d96896d%2F3vuxep4_processed.png&w=3840&q=75)
Transcribed Image Text:2. Alma borrowed some money from a friend two hundred and seventy-five days ago at a
simple interest of 12%. If she pays her friend P25,000 now, how much did Alma borrow
earlier?
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