3. A teacher borrowed P30, 000 for the purchase of a laptop. If his monthly payment is P2, 000 on a 2 year mortgage, find the total amount of interest. A. P20,000 B. P50, 000 C. P18, 000 D. P55, 000?
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Answers & Comments
Answer:
C. P18,000
Step-by-step explanation:
2 years = 24 months
P2,000/months x 24 months = P48,000
P48,000 - P30,000 = P18,000