Ash Ketchum was given a certain amount as a present for his birthday on August 17, 2018. Inslead of spending it, he decided to invest the said amount on a 7% exact simple interest. If the investment will mature in time for his mother's birthday on March 10, 2019 at an amount of P 15,000.00, how much did Ash Ketchum receive on his birthday? (Show complete solution)

1. P 14,432.5820
2. P 14,355.0079
3. P 12,655.3550
4. P 17,324.6055