3) Find the amount borrowed with an interest of P 4.500.00 at 8% for one year.
P
(interest)
R
(rate of interest)
B
(principal amount)
P
(interest)
R
(rate of interest)
B
(principal amount)
Add an Answer
More Questions From This User See All
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer: 60,500
I=PRB
=4,500X8%X1
=4,500X0.08X1
=36,000
PLUS THE TOTAL AMOUNT
TA=P + I =4,500+36,000=60,500