Lexi took out a loan from a loan shark with an interest rate of 5% bi- monthly, compounded semi-monthly. After 1 year the total amount is now $14,147.19. How much is the principal amount? (note: $1 =...


Lexi took out a loan from a loan shark with an interest rate of 5% bi-<br>monthly, compounded semi-monthly. After 1 year the total amount is now<br>$14,147.19. How much is the principal amount? (note: $1 = P52.28) *<br>P543,722.40<br>$10,500.00<br>P550,176.77<br>O $10,400.00<br>

Extracted text: Lexi took out a loan from a loan shark with an interest rate of 5% bi- monthly, compounded semi-monthly. After 1 year the total amount is now $14,147.19. How much is the principal amount? (note: $1 = P52.28) * P543,722.40 $10,500.00 P550,176.77 O $10,400.00

Jun 11, 2022
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