How long will it take to sum of 6,000 naira to give an interest of 1500Naira at 5% rate
1 answer:
Answer:
5years
Step-by-step explanation:
Interest=Principal*Rate*Time/100 which is
I=P*R*T/100
- 1500=6000*5*T/100
- 1500=30000/100*T
- 1500=300T
- 1500/300=T
- 5=T
Therefore T which is Time=5 years.
HOPE THIS HELPS
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