2. A vendor borrowed P 10,500.00 at 12% simple interest. How much INTEREST does
she pay in a year?
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she pay in a year?
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Answer:
Ask: how much interest does she pay in a year
given: amount borrowed - 10,500
simple interest - 12%
operation : multiplication
number sentence : 10,500 x 12% or move to decimal 0.12
Solution : 10,500 x 0.12=N
Answer: a vendor pay an interest of ₱1,260 a year.