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Jose borrowed ₱50 000 for the renovation of his house. How much interest will he need to pay if the loan will be paid for 3 years, and the interest rate is 9% annually? *​

Sagot :

Answer:

27 thousand interest?

Step-by-step explanation:

i don't know if that's correct

a = p( 1 + r )

= 50000( 1 + .09 )³

= 50000( 1.09 )³

= 50000( 1.30 )

= 65000

(I just saw it)