Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3% interest rate compounded monthly with no down payment required. The purchase is payable for 24 months. How much is the cash price of the television set? 29,643.39 php B 26,743.25 php 27,919.18 php 28,800.00 php

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Question 19
Maritess bought a television set using her credit card with monthly payment of 1,200 php
at 3% interest rate compounded monthly with no down payment required. The purchase is
payable for 24 months. How much is the cash price of the television set?
29,643.39 php
26,743.25 php
27,919.18 php
28,800.00 php
Question 20
Mark horrowed 65 000 phn from Bhenz under the following conditions:
Transcribed Image Text:Question 19 Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3% interest rate compounded monthly with no down payment required. The purchase is payable for 24 months. How much is the cash price of the television set? 29,643.39 php 26,743.25 php 27,919.18 php 28,800.00 php Question 20 Mark horrowed 65 000 phn from Bhenz under the following conditions:
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