Question: Sofia issued a promissory note for P290,000 at 7% simple interest, payable after 1 year and 6 months on July 1, 2020. Before the due

  1. Sofia issued a promissory note for P290,000 at 7% simple interest, payable after 1 year and 6 months on July 1, 2020. Before the due date, she made the following partial payments: P40,000 on October 1, 2020; P80,000 on February 1, 2021; and P200,000 on August 1, 2021. 

  3. Find the amount still on the maturity date.

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