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Math

Answered

Francis invested P18 000 in a cooperative that pays 7% annual interest. how long was his investment if it earned P6 300 in interest

Sagot :

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Answer:

5 years

Step-by-step explanation:

Annually = Yearly

Rate: 7%

Base: P18 000

Percentage: P6 300

Percentage / Base = Rate

6 300 / 18 000 = 0.35 or 35%

0.35 / 0.07 = 5

Therefore, he has/had a 5-year investment (or 'He's had the investment for 5 years)

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