Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 10% on the unpaid amount for the time after the due date. How much did he pay?
Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 10% on the unpaid amount for the time after the due date. How much did he pay?
Chapter6: Business Expenses
Section: Chapter Questions
Problem 75IIP
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Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 10% on the unpaid amount for the time after the due date. How much did he pay?
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