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Popolare Word Problems >

how long does it take a principal of 25 000 pesos at a simple interest rate of 5 percent to become 30 000 pesos

Soluzione

h o w l o n g d oes i t t ak e a p r in c i p a l o f 25000 p esos a t a s im pl e in t eres t r a t e o f 5 p erce n t t o b eco m e 30000 p esos

Soluzione

Time : 4

Fasi della soluzione

Translate the problem into an equation:

30000 = 25000 (1 + 0.05 t)

Risolvi per

t, 30000 = 25000 (1 + 0.05 t) : t = 4

Time : 4

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