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 loan of P5,000 is made for a period of 15 months, at a simple intere

1.	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.	5,937.50
B.	5,873.20
C.	5,712.40
D.	5,690.12
Answer» B. 5,873.20

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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?

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