- Views：76
- Lender：BudgetHAND
- Location：Pili, Camarines Sur
- Loan Max amount:$5000
- Collateral:None
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1. lend.ph is NOT responsible of any posting here that is inserted in full liability by the end user.
2. Do NOT send money before get a loan, they are scams.
1. lend.ph is NOT responsible of any posting here that is inserted in full liability by the end user.
2. Do NOT send money before get a loan, they are scams.
If you're looking to borrow ₱5,000, Here is the BUDGETHAND with 8% interest per month, and you need to pay it back within 4 weeks, here's how the calculation works.
Steps to Calculate:
Principal: ₱5,000
Interest Rate: 8% per month
Time Period: 4 weeks (which is roughly 1 month, so the full 8% interest will apply).
Interest Calculation:
Interest for 4 weeks = 8% of ₱5,000
Interest = 5,000 × 0.08 = ₱400
So, by the end of 4 weeks, you will need to repay:
Total repayment = ₱5,000 (principal) + ₱400 (interest) = ₱5,400
Therefore, you will need to return ₱5,400 after 4 weeks.
Steps to Calculate:
Principal: ₱5,000
Interest Rate: 8% per month
Time Period: 4 weeks (which is roughly 1 month, so the full 8% interest will apply).
Interest Calculation:
Interest for 4 weeks = 8% of ₱5,000
Interest = 5,000 × 0.08 = ₱400
So, by the end of 4 weeks, you will need to repay:
Total repayment = ₱5,000 (principal) + ₱400 (interest) = ₱5,400
Therefore, you will need to return ₱5,400 after 4 weeks.
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