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Solve the following problems. Show your solutions 1. Mang Juan borrowed money to start a business. The bank told him that he has to pay a simple interest of 5% for 6 months on the amount he borrowed. If Mang Juan borrowed

Solve the following problems. Show your solutions 1. Mang Juan borrowed money to start a business. The bank told him that he has to pay a simple interest of 5% for 6 months on the amount he borrowed. If Mang Juan borrowed

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Solve the following problems. Show your solutions 1. Mang Juan borrowed money to start a business. The bank told him that he has to pay a simple interest of 5% for 6 months on the amount he borrowed. If Mang Juan borrowed P10,000, how much interest does he have to pay on the 6th month? How much is the total amount he has to pay on the 6th month? Interest to pay on the 6th month: Total amount to be paid on the 6th month: 2. Mr. Seniro invested Php 150,000 at 5% for 8 years and another Php 150,000 at 8% for 5 years. Which investment will yield higher interest and by how much?
Transcribed Image Text:Solve the following problems. Show your solutions 1. Mang Juan borrowed money to start a business. The bank told him that he has to pay a simple interest of 5% for 6 months on the amount he borrowed. If Mang Juan borrowed P10,000, how much interest does he have to pay on the 6th month? How much is the total amount he has to pay on the 6th month? Interest to pay on the 6th month: Total amount to be paid on the 6th month: 2. Mr. Seniro invested Php 150,000 at 5% for 8 years and another Php 150,000 at 8% for 5 years. Which investment will yield higher interest and by how much?
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