* 41 - 42. Abby C. Dee borrowed P10,620.00 from Jakey L. Em on October 30, 2020.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 on time. Whenne seffled his debt on April 16. 2021 he was required to 10% on the unpaldamount for the time after the due date. How much did he pay?A. PI0,974.00B. P10,903.00C. P11,118.55D. P11,045.55

Amount borrowed (X) = P 10620 n = 4 months r = 8% He needed to pay at the end of Feb 2021, but paid…

- 42. Abby C. Dee borrowed P10,620.00 from Jakey L. Em on October 30, 2020 simple interest rate. However, he was unable to repay the debt on time. Wher He promised to repay it after four months, together with the interest at 8% ne seffled his debt on April 16. 2021 hee was required to 10% on the unpaic amount for the time after the due date. How much did he pay? A. PI0,974.00 B. P10,903.00 C. PI1,118.55 D, PI1.045.55

- 42. Abby C. Dee borrowed P10,620.00 from Jakey L. Em on October 30, 2020 simple interest rate. However, he was unable to repay the debt on time. Wher He promised to repay it after four months, together with the interest at 8% ne seffled his debt on April 16. 2021 hee was required to 10% on the unpaic amount for the time after the due date. How much did he pay? A. PI0,974.00 B. P10,903.00 C. PI1,118.55 D, PI1.045.55

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

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