In a school election, 3/4 of the students vote. There are 1464 ballots. Write and solve an equation to find the number s of stud
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Answer:
2yrs
Step-by-step explanation:
Given parameters:
Amount of interest earned = $40
Principal = $400
Interest rate = 5%
Unknown:
Time taken for the money to be in bank = ?
Solution:
The formula for interest is given as:
I =
Where I is the interest
P is the principal
R is the rate
T is the time
So;
100I = PRT
T = =
= 2yrs