Solution: At 16% per annum simple interest, how much will be due at the end of 75 days?

(Last Updated On: December 8, 2017)

How much will be due at the end of 75 days?

Problem Statement: ME Board April 1995

P4,000 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

Problem Answer:

At the end of 75 days P4,000 will become P4,133.33.

Solution:

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Solution: At 16% per annum simple interest, how much will be due at the end of 75 days?
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