It costs 100, 000 pesos at the end of each year to maintain a certain portion of a highway. If money is worth 10%, how much would it pay to spend immediately to reduce the annual cost to 40,000 pesos? a. P 60, 000 b. P 40, 000 c. P 400, 000 d. P 600, 000

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 37PPS
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It costs 100, 000 pesos at the end of each year to maintain a certain portion of a highway. If
money is worth 10%, how much would it pay to spend immediately to reduce the annual cost
to 40,000 pesos?

a. P 60, 000
b. P 40, 000
c. P 400, 000
d. P 600, 000

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