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

(Last Updated On: December 8, 2017)

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

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

Problem Answer:

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

Solution:

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

Latest Problem Solving in Engineering Economics (Simple & Compound Interest)

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