1. Mr. Yulo borrowed P 18,000.00 at 1.5% interest for 1 year.What was the total amount he paid at the end of the 1 year term ?
solution pls or kahit sagot nlng
nonsense report
wag pong sagotan kung hindi po kayo sure sa sagot nyo po
Share
1. Mr. Yulo borrowed P 18,000.00 at 1.5% interest for 1 year.What was the total amount he paid at the end of the 1 year term ?
solution pls or kahit sagot nlng
nonsense report
wag pong sagotan kung hindi po kayo sure sa sagot nyo po
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
To find the total amount that Mr. Yulo paid at the end of the year, you need to add the principal amount of P 18,000.00 and the interest that he paid. The interest can be calculated by multiplying the principal by the interest rate and the length of the loan in years.
Therefore, the interest that Mr. Yulo paid is P 18,000.00 * 1.5% * 1 year = P 270.00
The total amount that Mr. Yulo paid is P 18,000.00 + P 270.00 = P 18,270.00.