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 and its interest on time. When he settled his debt on April 16, 2016 he was required to pay an additional of 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 and its interest on time. When he settled his debt on April 16, 2016 he was required to pay an additional of 10% on the unpaid amount for the time after the due date. How much did he pay?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 55P

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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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1. 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 and its interest on time. When he settled his debt on April 16, 2016 he was required to pay an additional of 10% on the unpaid amount from the time after the due date until April 16. How much did he pay? A. ₱10,974.00B. ₱10,903.00C. ₱11,118.55D. ₱11,045.55 2. Accumulate ₱ 2,000.00 for 3 years at 7% simple interest.A. ₱420.00B. ₱ 6,420.00C. ₱ 2,420.00D. ₱ 10,200.00 3. Which arithmetic sequence has a common difference of 4?A. {0,4?,8?, 12?,...}B. {?, 4?, 16?, 64?, ... }C. {?+1, ?+5, ?+9, ?+13,...}D. {?+4, ?+16, ?+64, ?+256,...} 4. The type of reasoning where a person makes conclusions based on observations and patterns is called A. Inductive reasoningB. Deductive reasoningC. ConjectureD. Experiments 5. Which number is a counterexample to the following statement? All numbers that are…
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