Question

petter borrowed P100,000 at 8% compounded annually ? how much will be paying after 2 years ?​

Answer 1

Answer:

Given:-

P = 100000

R = 8% = 0.08

T = 2 year

F = p ( 1 + r )^-t

=> ( 100000 )( 1 + 0.08 )‐²

=> 116640

I hope this will help you dear..

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