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Oksana_A [137]
3 years ago
10

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
Mathematics
1 answer:
swat323 years ago
6 0

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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See explanation

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