Answered

how should a man deposit in a bank at 8 % interest if he wants to gain 1600pesos in a year?

Sagot :

AnneCviz
If you are referring to annual interest, then he needs to deposit P 20, 000.

1,600 is 8% of 20,000

Elijahlicodiniviz
let n be the answer or the man should deposit.
nx.08=1600 
n=20,000pesos
checking  20000 x.08 =1600 because the 8% of 20000 is 1600