The formula is
I=prt
I interest earned 200
P principle 2500
R interest rate 0.04
T time ?
We need to solve for t
T=I÷pr
T=200÷(2,500×0.04)
T=2years
Hope it helps
<span>What is 10.5% commission of $85,000
85,000 x 0.105 = 8,925
answer
$8,925 is </span>10.5% commission of $85,000
Yes, your answer is correct.