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Math

Answered

rodly borrowed P6,000 at 5% annual simple interest rate. if he decided to to pay after 1year and 3months, how much should he pay by then?

Sagot :

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Answer:

900 PESOS

Step-by-step explanation:

PRINCIPAL = 6,000 PESOS

RATE = 5% OR 0.05%

TIME = 1 YEAR AND 3 MONTHS

6,000 PESOS × 0.05% = 300 PESOS

300 PESOS × 1 YEAR = 300 PESOS

300 PESOS × 3 MONTHS = 900 PESOS

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