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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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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