Sharkynuts185idn
Answered

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Mrs. Gillera borrowed P 25 000 to start a small business at 14% simple interest. If she paid P 10 000 every four months, how many
times did she pay? How much did she pay in the last payment?

Sagot :

Ihavenonameidn
I think the problem is simple interest the principal is separated from the interest.
first, P 25 000 is subtracted to P 10 000 and you'll get P 15 000
then your final principal is P 15 000
then get the simple interest:

P = P 15 000
R = 14 %
T = 4 months

then use the formula for finding the simple interest:

Simple interest = principal x rate x time or S = p x r x t

substitute:

Simple interest = P 15 000 x 0.14 x 4 = 
simple interest = P 8 400

so, Mrs. Gillera pay P8 400 in the last payment.

how many times she pay ?

so divide P 25 000 to the simple interest and you'll get 3.

therefore, Mrs. Gillera pay 3 times.

 
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