On June 3, 2022 Fred loaned 198143 in a bank. It was agreed that he will pay the amount with 11.2% rate of interest on October 10, 2022. What is the total amount of money Fred should pay? (Use banker's rule.)

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On June 3, 2022 Fred loaned P198143 in a bank. It was agreed that he will pay the amount with 11.2% rate of interest on October
10, 2022. What is the total amount of money Fred should pay? (Use banker's rule.)
Transcribed Image Text:On June 3, 2022 Fred loaned P198143 in a bank. It was agreed that he will pay the amount with 11.2% rate of interest on October 10, 2022. What is the total amount of money Fred should pay? (Use banker's rule.)
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