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Your mother borrowed php3, 000 from her friend with a monthly interest of 10%per month. how much would she pay after 10 months? ​

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[tex]\large{\mathcal{QUESTION:}}[/tex]

Your mother borrowed php3, 000 from her friend with a monthly interest of 10%per month. how much would she pay after 10 months?

[tex] \\ [/tex]

[tex]\large{\mathcal{SOLUTION:}}[/tex]

Using the simple interest formula:

  • F = P + PRT

[tex] \\ [/tex]

Given:

  • P = 3,000
  • R = 10% per month or 0.10 per month
  • T = 10 months

[tex] \\ [/tex]

Plugging the values , we get:

  • I = P + PRT
  • I = 3,000 + 3,000 × 0.10 × 10
  • I = 3,000 + 3000

Therefore , the future amount is php 6,000

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[tex]\large{\mathcal{ANSWER:}}[/tex]

  • Php 6,000

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