Your house was struck by a strong typhoon a year ago, and you don't have enough funds for repair. You applied for a calamity loan from your bank and paid Php 3,000 per month for one year at 3% interest. How much was the principal amount of the calamity loan?
Your house was struck by a strong typhoon a year ago, and you don't have enough funds for repair. You applied for a calamity loan from your bank and paid Php 3,000 per month for one year at 3% interest. How much was the principal amount of the calamity loan?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Your house was struck by a strong typhoon a year ago, and you don't have enough funds for repair. You applied for a calamity loan from your bank and paid Php 3,000 per month for one year at 3% interest. How much was the principal amount of the calamity loan?
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