The maturity value for 90 days’ promissory note is ₱4,500 that bears interest at 8% per annum. What is the face value for this interest bearing note?
Answer:
M=Mrt
M=4500
R=0.08
T=0.25
D=90
P=M-D
P=4500 – 90
P= 4,410
Answer= 4,410
Step-by-step explanation:
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