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II. Read each statement carefully. Identify the following whether it is a "BUSINESS LOAN" OR “CONSUMER LOAN". 1. Miguel has computer shop. He owns 10 computers. he decided to borrow money from the bank to buy 20 more computers. 2. Mr. Lustre wants to have some improvements on their 5-year-old house. He wants to build a new room for their 15-year-old daughter. He will borrow money from bank to finance this plan. 3. Mrs. Bonafe owns a food cart business. he wants to put another food cart on a new mall in the other city. he decided to have a loan to establish the new business. 4. Mr. Delfin wants to have another branch for his cellphone repair shop. He decided to apply for a loan he can use to pay for the rentals of the new branch. 5. Ferry decided to purchase a condominium unit near his workplace. He got a loan worth P2,000,000.

II. Read each statement carefully. Identify the following whether it is a "BUSINESS LOAN" OR “CONSUMER LOAN". 1. Miguel has computer shop. He owns 10 computers. he decided to borrow money from the bank to buy 20 more computers. 2. Mr. Lustre wants to have some improvements on their 5-year-old house. He wants to build a new room for their 15-year-old daughter. He will borrow money from bank to finance this plan. 3. Mrs. Bonafe owns a food cart business. he wants to put another food cart on a new mall in the other city. he decided to have a loan to establish the new business. 4. Mr. Delfin wants to have another branch for his cellphone repair shop. He decided to apply for a loan he can use to pay for the rentals of the new branch. 5. Ferry decided to purchase a condominium unit near his workplace. He got a loan worth P2,000,000.

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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II. Read each statement carefully. Identify the following whether it is a "BUSINESS LOAN" OR “CONSUMER LOAN". 1. Miguel has computer shop. He owns 10 computers. he decided to borrow money from the bank to buy 20 more computers. 2. Mr. Lustre wants to have some improvements on their 5-year-old house. He wants to build a new room for their 15-year-old daughter. He will borrow money from bank to finance this plan. 3. Mrs. Bonafe owns a food cart business. he wants to put another food cart on a new mall in the other city. he decided to have a loan to establish the new business. 4. Mr. Delfin wants to have another branch for his cellphone repair shop. He decided to apply for a loan he can use to pay for the rentals of the new branch. 5. Ferry decided to purchase a condominium unit near his workplace. He got a loan worth P2,000,00O.
Transcribed Image Text:II. Read each statement carefully. Identify the following whether it is a "BUSINESS LOAN" OR “CONSUMER LOAN". 1. Miguel has computer shop. He owns 10 computers. he decided to borrow money from the bank to buy 20 more computers. 2. Mr. Lustre wants to have some improvements on their 5-year-old house. He wants to build a new room for their 15-year-old daughter. He will borrow money from bank to finance this plan. 3. Mrs. Bonafe owns a food cart business. he wants to put another food cart on a new mall in the other city. he decided to have a loan to establish the new business. 4. Mr. Delfin wants to have another branch for his cellphone repair shop. He decided to apply for a loan he can use to pay for the rentals of the new branch. 5. Ferry decided to purchase a condominium unit near his workplace. He got a loan worth P2,000,00O.
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