1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If he was able to pay 6 month, how much in all did he pay?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
icon
Related questions
Question
Please show complete solution.
Solve the following Interest related problems. Complete Solutiony
1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment
for a house and lot. If he was able to pay 6 month, how much in all did he
pay?
Transcribed Image Text:Solve the following Interest related problems. Complete Solutiony 1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If he was able to pay 6 month, how much in all did he pay?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax