Pooh borrowed P10,620.00 from Dorah on October 30, 2015. He promised to repay it after four...
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Pooh borrowed P10,620.00 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. P10,974.00 B. P10,903.00 C. P11,118.55 D. P11,045.55 Pooh borrowed P10,620.00 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. P10,974.00 B. P10,903.00 C. P11,118.55 D. P11,045.55
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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