Problem Statement: ME Board April 1995P4,000 is borrowed for 75 days at 16% per annum simple interest. How much will be due at the end of 75 days?
- A. P4,133.33
- B. P4,333.33
- C. P4,166.67
- D. P4,150.00
At the end of 75 days P4,000 will become P4,133.33.
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