7. A loan of ₱425,000 is to be repaid in full after 3 years. If the interest rate is 9% per annum. How much should be paid after 3 years ? a. ₱550,387.33 b. ₱437,452.18 c. ₱356,430 d. ₱286,907
7. A loan of ₱425,000 is to be repaid in full after 3 years. If the interest rate is 9% per annum. How much should be paid after 3 years ? a. ₱550,387.33 b. ₱437,452.18 c. ₱356,430 d. ₱286,907
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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7. A loan of ₱425,000 is to be repaid in full after 3 years. If the interest rate is 9% per annum. How much should be paid after 3 years ?
a. ₱550,387.33
b. ₱437,452.18
c. ₱356,430
d. ₱286,907
10. Mr. and Mrs. Banal purchased a house and lot worth ₱4,000,000. They paid a down payment of ₱800,000. They plan to amortize the loan of ₱3,200,000 by paying monthly for 20 years. The interest rate is 12% convertible monthly. What is the total interest paid?
a. ₱35,234.76
b. ₱58,914.78
c. ₱3,200,000
d. ₱5,256,342.40
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