Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You borrow 100,000 and promise to pay back on installment at 5,000 each end of month. If interest rate were 20%, How long will it
You borrow 100,000 and promise to pay back on installment at 5,000 each end of month. If interest rate were 20%, How long will it take to be paid?
YOU BORROW P100,000 AND PROMISE TO PAY BACK ON INSTALLMENT AT P5,000 EACH END OF MONTH, IF INTEREST RATE WERE 20%. HOW LONG WILL IT TAKE TO BE PAID? MONTHSStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started