Types Of Promissory Notes

One hundred and twenty days after the date the undersigned promise to pay loan MCRT Copr. the amount of thirty-five thousand pesos (Php 000.00 35) at 12% simple interest.

Requirement: Type rating, length of loan, interest rate, maturity date and face value.

I really need help on this please! (

The lender MCRT loaned $ 35,000.00 to 12% for 120 days. He expects to be paid in full 120 days. The principal: $ 35,000.00 plus interest of 12%. It is a simple interest ... not compounded daily or every quarter, etc. .. so that the base amount times the interest rate is the total interest .. add that the principle for the grand total due to the period of 120 days.

35,000.00 + 4,200 = 39,200.00

Pay up, or otherwise, Guido will reduce arms off!