Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount paid back to lender after the loan period compared to the principal borrowed? Note: Interest = Principal x rate x time
Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount paid back to lender after the loan period compared to the principal borrowed? Note: Interest = Principal x rate x time
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.42TI: Hang borrowed $7,500 from her parents to pay her tuition. In 5 years, she paid them $1,500 interest...
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Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount paid back to lender after the loan period compared to the principal borrowed? Note: Interest = Principal x rate x time
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