eila borrowed PhP 60,000 with an interest of 3% from her collegue on January 15 and then she agreed to pay the entire amount including the interest on April 20 of the following year. This is leap year. Find the accumulated amount of the loan using ordinary simple interes

eila borrowed PhP 60,000 with an interest of 3% from her collegue on January 15 and then she agreed to pay the entire amount including the interest on April 20 of the following year. This is leap year. Find the accumulated amount of the loan using ordinary simple interes

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

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Leila borrowed PhP 60,000 with an interest of 3% from her collegue on January 15 and then she agreed to pay the entire amount including the interest on April 20 of the following year. This is leap year. Find the accumulated amount of the loan using ordinary simple interest.

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