26.A man borrowed P20,000 and promised to pay an amount of P21,500 with simple interest of 20%. How many days did charge to him to pay his debt? O a.P120 days b.135 days O c.168days O d.245 days

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter9: The Basic Tools Of Finance
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Provide a complete solution and answer for the given problem in the attached image. 

26.A man borrowed P20,000 and promised to pay an amount of P21,500 with
simple interest of 20%.
How many days did charge to him to pay his debt?
a.P120 days
b.135 days.
c.168days
d.245 days
Transcribed Image Text:26.A man borrowed P20,000 and promised to pay an amount of P21,500 with simple interest of 20%. How many days did charge to him to pay his debt? a.P120 days b.135 days. c.168days d.245 days
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