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write a financial report based on this situation:Mrs. Cruz borrowed ₱50,000 at 5% annual simple interest rate.How much should she pay after 5 years​

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Question:

write a financial report based on this situation:Mrs. Cruz borrowed ₱50,000 at 5% annual simple interest rate.How much should she pay after 5 years.

Answer:

5% = 0.05

50,000 × 0.05= 2,500

2,500 × 5 years= 12,500

She pay after 5 years is 12,500

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