How many years will Matt need to invest $4200 to earn $200 interest, if the simple interest rate is 2.5% p.a.? Round the answer
to the nearest year
1 answer:
Answer: 2 years
Step-by-step explanation:
SI = prt / 100
200 = ( 4200 x 2.5 x t) / 100
200 = 105 t
t = 200/105 = 1.9
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