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Maricris has an initial investment of P280,000.00 in a bank. Every month, she withdraws P15,000.00 to run her small business at home. How long will the money he used up completely, given the rate of withdrawal?

Maricris has an initial investment of P280,000.00 in a bank. Every month, she withdraws P15,000.00 to run her small business at home. How long will the money he used up completely, given the rate of withdrawal?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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2. Maricris has an initial investment of P280,000.00 in a bank. Every month, she withdraws P15,000,00 to run her small business at home. How long will the money be used up completely, given the rate of withdrawal?
Transcribed Image Text:2. Maricris has an initial investment of P280,000.00 in a bank. Every month, she withdraws P15,000,00 to run her small business at home. How long will the money be used up completely, given the rate of withdrawal?
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