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
10% of 26.80 = 2.68
5% of 2.68 = 1.34
2.68 + 1.34 = 4.02
Your best estimate is 4.05
Since 1 Euro is 1.321 in American money you must convert the value to $200
Divide 200 by 1.321
you get
151.40 in Euros
Answer:
idk
Step-by-step explanation: