SOLUTION: Peter borrowed php 15,000 from the bank at the rate of 12% per annum. How much will he owe the bank after 18 months?

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Question 1082964: Peter borrowed php 15,000 from the bank at the rate of 12% per annum. How much will he owe the bank after 18 months?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
18 months is 1.5 years
interest=p*r*t=15000*.12*1.5=2700
Will owe that and principal, so total is 17,700php