Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to be paid 30 months after the loan date. What is the amount due in 30 months? A 123,462.78 php B 69,062.50 php © 68,560.26 php D 70,717.75 php
Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to be paid 30 months after the loan date. What is the amount due in 30 months? A 123,462.78 php B 69,062.50 php © 68,560.26 php D 70,717.75 php
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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![Mark borrowed 65,000 php from Rhenz under the following conditions:
simple interest rate of 2.5%; to be paid 30 months after the loan date.
What is the amount due in 30 months?
A 123,462.78 php
69,062.50 php
© 68,560.26 php
D 70,717.75 php](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32260905-d804-4986-8fae-ff908e077027%2Ff30f4f7a-2a19-4785-b577-9442c21d8dfe%2Fwdpzkfc_processed.png&w=3840&q=75)
Transcribed Image Text:Mark borrowed 65,000 php from Rhenz under the following conditions:
simple interest rate of 2.5%; to be paid 30 months after the loan date.
What is the amount due in 30 months?
A 123,462.78 php
69,062.50 php
© 68,560.26 php
D 70,717.75 php
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