You take
You take out a Php 20000 loan at a 5% interest rate. If the interest is compounded annually,
a. Give an exponential model for the situation
b. How much Will you owe after ten years?
Your answer:
a. Give an exponential model for the situation
b. How much Will you owe after ten years?
Your answer:
You need to know the following knowledge to solve this word math problem:
basic operations and conceptsUnits of physical quantitiesGrade of the word problem
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