28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at the end of 75 days? Use exact simple interest. A. P 6221.92 B. P 7221.97 C. P 8223.10 D. P 9221.91

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at
the end of 75 days? Use exact simple interest.
A. P 6221.92
B. P 7221.97
C. P 8223.10
D. P 9221.91
Transcribed Image Text:28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at the end of 75 days? Use exact simple interest. A. P 6221.92 B. P 7221.97 C. P 8223.10 D. P 9221.91
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