Solution: Find the present worth of P50,000 which is due at the end of 7 months

(Last Updated On: December 8, 2017)

Problem Statement: ECE Board November 1999

If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000 which is due at the end of 7 months.

• A. P46,200
• B. P44,893
• C. P46,730
• D. P45,789

The present worth of P50,000 which is due at the end of 7 months is P46,730.

Solution:

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