In what time will $200 amount to $270 at the rate of 5%p.a. Simple interest?
2 answers:
Answer:
At an interest rate of 5% yearly it would take 7 years
Step-by-step explanation:
5% of $200 is $10
%270 - $200 = $70
$70 / 10 = 7
5 percent of 200 is 10 and 70/10 is 7. So after 7 years if your rate is anual rate
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