Given:
Principal (P)= $1,000
Rate of interest (R)= 4% = 0.04
Simple interest (I)= $100
To find:
The time for which she deposits $1000 into a savings account at 4% simple interest.
Solution:
The formula for simple interest is

On substituting P=1000, R=0.04 and I=100 in the above formula, we get


Divide both sides by 40.


Therefore, the required time is 2.5 years.
Answer:
b100+61=t
Step-by-step explanation:
wait what is it asking for?
what do the
1=
2=
3=
mean?
i'm so sorry if i interpreted this wrong
Answer:
Step-by-step explanation:
Answer:
find the value
Step-by-step explanation:
minus them
mulitply
divide
then simplify
1 1/3. I think that is correct.