document.write( "Question 476539: A FARMER BORROWED 50,000 PESOS FROM THE BANK IN ORDER TO BUY FARM MACHINERIES. WHAT IS THE INTEREST IF THE LOAN IS PAYABLE IN 5 YEARS IN THE RATE OF 10%COMPOUNDED SEMI- ANNUALLY? \n" ); document.write( "
Algebra.Com's Answer #326736 by robertb(5830)![]() ![]() You can put this solution on YOUR website! The balance is given by the formula \n" ); document.write( "\n" ); document.write( "==> \n" ); document.write( "\n" ); document.write( "==> the interest is 81,444.73 - 50,000 = 31,444.73 \n" ); document.write( " |