The Maturity Value For 90 Days’ Promissory Note Is ₱4,500 That Bears In…

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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