3. Mrs. Ledesma bought a property in the province of Guimaras She borrowed from the Government Service Insurance System an amount of P300,000 at \( 6 \% \) compounded annually payable for 6 years. How much will she pay for the interest?
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- Principal amount (\( P \)) = P300,000 - Annual interest rate (\( r \)) = 6% = 0.06 - Number of years (\( t \)) = 6 Show more…
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