Answered: wed ₱24,480 from Marie at the rate of…

wed ₱24,480 from Marie at the rate of 10% simple interest per year. She then returned the money after 4 years and 6 months. How much money did she give to Marie in total? A. P11,016 B. P35,496

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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Question

Jamie borrowed ₱24,480 from Marie at the rate of 10% simple interest per year. She then returned the money after 4 years and 6 months. How much money did she give to Marie in total?

A. P11,016

B. P35,496

C. P35,469

D. P36,740

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