document.write( "Question 1189962: Mrs. Dimawala loaned P15,000 on February 16, 2006 and promised to pay after 200 days with interest at 15% simple interest. How much will Mrs. Dimawala pay on the due date? When is the due date ? \n" ); document.write( "

Algebra.Com's Answer #821486 by ikleyn(52786) $\"\"$ $\"About$

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\n" ); document.write( "Mrs. Dimawala loaned P15,000 on February 16, 2006 and promised to pay
\n" ); document.write( "after 200 days with interest at 15% simple interest.
\n" ); document.write( "How much will Mrs. Dimawala pay on the due date? When is the due date ?
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document.write( "Use the simple interest formula\r\n" );
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document.write( "    A = P(1+r*t),\r\n" );
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document.write( "where P is the loaned amount, r is the simple interest rate as decimal, t is the time in years,\r\n" );
document.write( "A is the amount to pay back.\r\n" );
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document.write( "In your problem, P = 15,000;  r = 0.15;  t =  = 0.547945205 of an year.\r\n" );
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document.write( "Therefore, the answer is  A = 15000*(1+0.15*0.547945205) = P 16,232.88.\r\n" );
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