Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If the amount of the interest is computed using the banker’s rule, how much does Vermae need to pay? (a) PhP 5,567.81 (b) PhP 5,568.75 (c) PhP 5,567.80 (d) PhP 68.75

Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If the amount of the interest is computed using the banker’s rule, how much does Vermae need to pay? (a) PhP 5,567.81 (b) PhP 5,568.75 (c) PhP 5,567.80 (d) PhP 68.75

Name: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 d
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Description: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If the amountof the interest is computed using the banker’s rule, how much does Vermae need to pay?(a) PhP 5,567.81 (b) PhP 5,568.75 (c) PhP 5,567.80 (d) P

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter1: Functions

Section1.1: Functions Given By Formulas

Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?

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