Answer:
If your answer is multiple choice, try to look for a graph that matches these intercepts. I hope this helped you. Have a great rest of your day!
Please help whenever I do this i always get 306 but that's incorrect.
2 answers:
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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