Segoviamariane195viz
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Lance invested his ₱350 in the Kabataan Savings which offers 8% per annum simple interest. In how many years that his savings will be doubled______.​

Sagot :

AGboiiviz

Answer:

12 1/2 years or 12.5 years

Step-by-step explanation:

Given:

  • P = 350
  • F = 700 (doubled value of 350)
  • R = 8% or 0.08
  • T = ?

Formula

  • F = P + PRT

Plug the values and solve for time t

  • F = P + PRT
  • 700 = 350 + (350 × 0.08 × T)
  • 700 = 350 + 28T
  • 700 - 350 = 28T
  • 350 = 28T
  • 350 ÷ 28 = T
  • 12.5 = T

Therefore , it will took 12 1/2 years to double the savings

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12½, 12.5 Years

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✒️Sᴏʟᴜᴛɪᴏɴ:

[tex] \implies [/tex] Let Us Use PFRT For The Given Of The Question Is:

  • P= 350
  • F= 700 (for the Double Value Of 350).
  • R= 8% Or 0.08.
  • T= Savings.

[tex] \blue{——————————————————————————————} [/tex]

Formula: F=P+PRT

.·. Let Us Solve For The Time Of T.

  • ➪[tex]700 = 350 + (350 \times 0.08 \times t)[/tex]
  • ➪[tex]700 = 350 + 28t[/tex]
  • ➪[tex]700 - 350 = 28t[/tex]
  • ➪[tex]350 = 28t[/tex]
  • ➪[tex]350 \div 28 = t[/tex]
  • ➪[tex] \green{12.5 = t}[/tex]

[tex] \implies [/tex] So, 12.5 Or 12½ Years savings will be doubled.

[tex] \blue{——————————————————————————————} [/tex]

For More Information:

  • https://brainly.ph/question/23927992

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