PROBLEM SOLVING
Mr. Cruz applied for a loan worth P250,000 which is to be paid annually with an interest rate of 9% per annum for 3 years. How much is the total interest paid?(SHOW SOLUTION)
Share
PROBLEM SOLVING
Mr. Cruz applied for a loan worth P250,000 which is to be paid annually with an interest rate of 9% per annum for 3 years. How much is the total interest paid?(SHOW SOLUTION)
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:
search on youtube kade yun yung ginawa q
Step-by-step explanation:
dont worry tama yung sinagot q
Verified answer
ANSWER] P317,484.48
The total amount of loan worth P250,000 at a rate of 9% per year for 3 years is P317,484.48.
SOLUTION]
-r = R/100 = 9%/100 = 0.09 per year.
-A = 250,000(1 + (0.09 × 3)) = 6199.8987
-A = 317,484.48