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Popular Word Problems >

Aling Nette borrowed P 108,500 at annual interest rate of 15 1/4 %. How much will she pay at the end of 1.5 years

Solution

A l in g N e tt e b orro w e d P 108, 500 a t ann u a l in t eres t r a t e o f 15 \frac{1}{4} %. Ho w m u c h w i ll s h e p a y a t t h e e n d o f 1.5 ye a rs

Solution

Amount : 133319.375

Solution steps

Translate the problem into an equation:

A = 108500 (1 + 0.1525 \cdot 1.5)

108500 (1 + 0.1525 \cdot 1.5) = 133319.375

Amount : 133319.375

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