SOLUTION: How many days will it take for ₱25,000 to earn a simple interest of ₱895.84 at 6%?

Question 1172214: How many days will it take for ₱25,000 to earn a simple interest of ₱895.84 at 6%?
Answer by ikleyn(52794) (Show Source): You can put this solution on YOUR website!
.


    895.84 = 25000*0.06*(x/365),


where x is the number of days.


From this equation,   x =  = 218 days (rounded to the nearest greater integer value).    ANSWER

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