Question: 1. Mia holds a Php 4, 000 note at 12.75%, simple interest, payable in a year, from Banco de Oro. In need of cash, Mia

1. Mia holds a Php 4, 000 note at 12.75%, simple

1. Mia holds a Php 4, 000 note at 12.75%, simple interest, payable in a year, from Banco de Oro. In need of cash, Mia sells it back to the bank after 4 months. How much will he receive if the bank charges 15% interest to be drawn in advance

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