The parents of Kassi helped her by lending her Php 2,000,000 to purchase a condominium unit. Kassi agreed to pay her parents Php 15,000 every month. How long it will take Kassi to pay her parents? Express your answer in years and months.
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Kassi will have to pay Php 15,000 for 11 years and 1 month. For the last month, She would have to pay Php 20, 000 to be exact for the Php 2,000,000.
Step-by-step explanation:
11 ( years ) x 12 ( months in year ) = 132
132 + 1 ( for the remaining month )= 133
133 x 15 ( 15,000 ) = 1,995,000
2,000,000 - 1,995,000 = 5,000
5, 000 will be added for the last month ( thats why I said 20,000 for the last month ) or it depends on her decision.
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