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3. If a house and lot is sold for P1,500,000 and the bank requires 25% down
payment, how much is the mortgage amount?
a. P1,200,000
c. P 1,125,000
b. P1,220,000
d. P 1,100,200​


Sagot :

If a house and lot is sold for P1,500,000 and the bank requires 25% down

payment, how much is the mortgage amount?

c. P 1,125,000