A homeowner takes out a mortgage for P100,000 that has a compounded interest rate of 5 percent over 15 years. What will the approximate compounded loan total be in 15 years? P208,000 P100,000 P105,000 P158,000 A student takes out loans to pay for college. The loans total P50,000 with a compounded interest rate of 4 percent. How much will the loans total after two years? P54,080 P52,000 P58,000 P54,000