A vendor 3

A vendor borrowed PHP 150,000 from their cooperative. The rate of interest was 11.5% a year. How much interest does he pay to the bank at the end of one year?

Correct answer:

x =  17250 PHP

Step-by-step explanation:

a=150000 PHP r=11.5%=10011.5=0.115  x=r1 a=0.1151 150000=17250 PHP

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