For similar Review Questions, please watch and subscribe.
Aling Aida borrowed P10,000.00 with a simple interest rate of 8% per annum from her cooperative payable in 5 years. She promised to pay P3,000.00 for the first four years to the cooperative. How much will Aling Aida pay on the 5th year?
A. P800.00
B. P2,000.00
C. P4,000.00
D. P4,447.04
