Kyrieampongidn
Answered

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How long should one invest his 8500 when it earns 6% simple interest yearly amounting to 5100​

Sagot :

Hanimeyaidn

✒ TIME INTEREST

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Problem:}[/tex]

  • How long should one invest his 8,500 when it earns 6% simple interest yearly amounting to 5,100

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Answer:}[/tex]

  • [tex]\huge\tt\purple{10\:years}[/tex]

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

[tex]\large\sf\underline{Solution:}[/tex]

[tex]\bold{Formula:} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \boxed{\rm{T = \frac{I}{P×R}}} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]

  • [tex]\large\tt{T = \frac{5, 100.00}{8, 500.00×0.06}}[/tex]

  • [tex]\large\tt{T = \frac{5, 100.00}{510.00}}[/tex]

  • [tex]\large\tt\purple{T = 10}[/tex]

[tex]\because[/tex] it will take 10 years to earn Php 5,100.00

To check,

  • [tex]\large\tt{S.I. = 8,500×0.06×10}[/tex]
  • [tex]\large\tt{S.I. = 8,500×0.6}[/tex]
  • [tex]\large\tt\purple{S.I. = 5,100}[/tex]

[tex] \large{••••••••••••••••••••••••••••••••••••••}[/tex]

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