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Sonny borrowed a certain amount on June 1990 from Romeo. Two years later, Sonny borrowed again from Romeo an amount of P5,000. Sonny paid P1,000 on June 1993 and discharged his balance by paying P7,500 on June 1995. What was the amount borrowed by Sonny on June 1990 if the interest rate is 9% compounded annually? O P1,775.49 P 1,438.90 P 1,994.08 P 1,611.51 P 1,438.27 P 1,867.87

Sonny borrowed a certain amount on June 1990 from Romeo. Two years later, Sonny borrowed again from Romeo an amount of P5,000. Sonny paid P1,000 on June 1993 and discharged his balance by paying P7,500 on June 1995. What was the amount borrowed by Sonny on June 1990 if the interest rate is 9% compounded annually? O P1,775.49 P 1,438.90 P 1,994.08 P 1,611.51 P 1,438.27 P 1,867.87

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please answer number 5:bes 221-engineering economics. please give detailed and correct answers. I will report to bartleby thos tutors who will give incorrect answers.
Sonny borrowed a certain amount on June 1990 from Romeo. Two years later, Sonny borrowed again from Romeo an amount of P5,000. Sonny paid P1,000 on June 1993 and discharged his balance by paying P7,500 on June 1995. What was the amount borrowed by Sonny on June 1990 if the interest rate is 9% compounded annually? O P 1,775.49 P 1,438.90 P 1,994.08 O P 1,611.51 P 1,438.27 P 1,867.87
Transcribed Image Text:Sonny borrowed a certain amount on June 1990 from Romeo. Two years later, Sonny borrowed again from Romeo an amount of P5,000. Sonny paid P1,000 on June 1993 and discharged his balance by paying P7,500 on June 1995. What was the amount borrowed by Sonny on June 1990 if the interest rate is 9% compounded annually? O P 1,775.49 P 1,438.90 P 1,994.08 O P 1,611.51 P 1,438.27 P 1,867.87
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