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Lito borrowed 6,000 from a lending institution and plans to pay after 4 years. If it was charged a 10% interest per annum, How much was the interest after 4 years?
a. P2,400
b. P3,700
c. P10,000
d. P12.000
NEEDED SOLUTION: ?
Lito borrowed 6,000 from a lending institution and plans to pay after 4 years. If it was charged a 10% interest per annum, How much was the interest after 4 years?
a. P2,400
b. P3,700
c. P10,000
d. P12.000
NEEDED SOLUTION: ?
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Answer:
A. P2,400
Step-by-step explanation:
6000 % ( interest per year - 10 × 4 years )
= 6000 % ( 10 × 4 )
= 6000 % 40
= 2,400
Nagcha-charged po yung lending institution per year, it means tutubo po yun ng 40% since 4 years nya po bago bayaran, ang 40% naman po ng 6000 is 2,400 that's why yun po yung sagot.
Thankyou po