Rene borrowed an amount of P 250,000 from his friend Caspian and he promised to pay the amount plus interest after 3 years. If Caspian gave him a 6.5% interest, how much would be his money at the end of 3 years if simple interest is applied? * show you solution   a.P 16,250.00 b.P 32,500.00 c.P 48,750.00 d.P 298,750.00

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