On August 1, 1990 Mr. Talamos borrows 9,500 and agrees to pay the compound amount on the day he pays the debt. If interest is at the rate of 5 ½% compounded quarterly, how much must Mr. Talamos pay to discharge his obligation on January 1, 2001

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A: Here,

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Q: 1. On January  1,  2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60 interest. If…

A: Here amount borrowed  = 12,000 and interest amount = 4473.60