Bryan bought a MacBook Air worth P42,000. In paying, he used his creditcard with an interest of 3% per year from the date of purchase. He plannedafter 2 years. How much will he need to pay?​

SOLUTION:Step 1: List the given values.[tex]\begin{aligned} & P = \text{₱42,000} \\ & r = 3\% = 0.03 \\ & t = \text{2 years} \end{aligned}[/tex]Step 2: Calculate the total amount.[tex]\begin{aligned} F & = P(1 + rt) \\ & = 42,000[1 + 0.03(2)] \\ & = 42,000(1 + 0.06) \\ & = 42,000(1.06) \\ & = \boxed{\text{P44,520}} \end{aligned}[/tex]Hence, Bryan will need to pay P44,520.

Answered by GreatRedSpot | 2024-09-01