5. The average annual cost of damages caused by floods to a certain subdivision located along the Pasig River is estimat

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5. The average annual cost of damages caused by floods to a certain subdivision located along the Pasig River is estimat

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5 The Average Annual Cost Of Damages Caused By Floods To A Certain Subdivision Located Along The Pasig River Is Estimat 1
5 The Average Annual Cost Of Damages Caused By Floods To A Certain Subdivision Located Along The Pasig River Is Estimat 1 (42.72 KiB) Viewed 100 times
5. The average annual cost of damages caused by floods to a certain subdivision located along the Pasig River is estimated at P700,000. To build a gravity dam to protect the area from the floods would cost P2,500,000.00 and would involve an annual maintenance cost of P20,000.00. With an interest at 8% compounded annually, how many years will it take for the dam to pay for itself?
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