Answered

3.Solve for the commission in this problem below.


4. You want to make a loan in ACS bank. Make your own interest problem.
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Example

If you take out a Php300,000 mortgage from the bank and the loan agreement stipulates that the interest rate on the loan is 4%, this means that you will have to pay the bank the original loan amount of Php300,000 + (4% x Php300,000) = Php300,000 + Php12,000 = Php312,000.

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