Answer:
none of these, it should be 25%
Step-by-step explanation:
Answer:
The correct answer is -7.5 years.
Step-by-step explanation:
Given:
Principle amount = 12000
Interest = 4320
time = ?
rate = 4.8 simple interest
Solution:
We know that simple Interest I = (P*t*r)/100
then t = I*100/p*r
putting values in formula:
t = 4320*100/4.8*12000
= 432000/57,600
= 7.5 years
Because 0.09 is ten times as big as 0.009
