Asked by Bryn
The amount of interest earned on an investment is directly proportional to the amount of money invested. If 200, 000 pesos earns 15, 000 in a month, how much will a 150, 000 peso investment on the same venture earn in a year?
Answers
Answered by
Steve
15/200 = x/150
or, since 150 is 3/4 of 200, it will earn 3/4 as much interest.
watch out for the time intervals...
or, since 150 is 3/4 of 200, it will earn 3/4 as much interest.
watch out for the time intervals...
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