Johnrey48idn
Answered

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3. Jessica borrowed P20,000 at a rate of 12% simple interest annually. How much will
she has to pay after five years?​

Sagot :

BinibiningDelidn

Question:

Jessica borrowed P20,000 at a rate of 12% simple interest annually. How much will she has to pay after five years?

What is asked?

The amount she has to pay after five years.

Given:

  • ₱ 20,000.00
  • 12% interest

Operation:

Multiplication and Addition

Number Sentence:

A = 20,000 + [5 × (20,000 × 0.12)], where A is the amount she has to pay after five years.

Solution:

A = 20,000 + [5 × (20,000 × 0.12)]

A = 20,000 + (5 × 2,400)

A = 20,000 + 12,000

A = 32,000

Final Answer:

She has to pay ₱ 32,000.00 after five years.

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