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)
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)
Add an Answer
More Questions From This User See All
Answers & Comments
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