Relevant Competitive Tests:
A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?
A. 5,937.50Correct Answer
B. 5,873.20
C. 5,712.40
D. 5,690.12
Correct Option: A. 5,937.50
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