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

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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) About Me  (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 = %28895.84%2A365%29%2F%2825000%2A0.06%29 = 218 days (rounded to the nearest greater integer value).    ANSWER