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If sahaya borrowed PHP 125,500.00 at an annual simple interest rate of 7 3/4 % for 42 months, how much interest should she pay?

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AGboiigo

[tex]\large{\mathcal{QUESTION:}}[/tex]

If sahaya borrowed PHP 125,500.00 at an annual simple interest rate of 7 3/4 % for 42 months, how much interest should she pay?

[tex] \\ [/tex]

[tex]\large{\mathcal{SOLUTION:}}[/tex]

Using the simple interest formula:

  • I = PRT

[tex] \\ [/tex]

Given:

  • I = unknown
  • P = 125,500
  • R = 7 3/4% or 7.75 or 0.0775
  • T = 42 months or 3.5 years

[tex] \\ [/tex]

Solving ,

  • I = PRT
  • I = 125,500 × 0.0775 × 3.5
  • I = 34041.875

Therefore , the simple interest is php 34,041.875

[tex] \\ [/tex]

[tex]\large{\mathcal{ANSWER:}}[/tex]

  • the simple interest is php 34,041.875

[tex] \\ [/tex]

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