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If P 1,500,000 borrowed at an annual interest rate of 8% has to be repaid in 15 months, find the amount due. O a. P 3,300,000 O b. P 1,657,206.33 O c. P 1,650,000 O d. P 3,400,000

If P 1,500,000 borrowed at an annual interest rate of 8% has to be repaid in 15 months, find the amount due. O a. P 3,300,000 O b. P 1,657,206.33 O c. P 1,650,000 O d. P 3,400,000

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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If P 1,500,000 borrowed at an annual interest rate of 8% has to be repaid in 15 months, find the amount due. (1) a. P 3,300,000 b. P 1,657,206.33 O c. P 1,650,000 d. P 3,400,000 Discount P 60,000 for 150 days at a discount rate of 8%. a. P 18,000 b. P 58,000 C. P 28,000 d. P 1,800 2
Transcribed Image Text:If P 1,500,000 borrowed at an annual interest rate of 8% has to be repaid in 15 months, find the amount due. (1) a. P 3,300,000 b. P 1,657,206.33 O c. P 1,650,000 d. P 3,400,000 Discount P 60,000 for 150 days at a discount rate of 8%. a. P 18,000 b. P 58,000 C. P 28,000 d. P 1,800 2
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