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Serga [27]
2 years ago
10

currently, the US interest rate is at 2% annually. how long it will take an investor to make 10% of money from an investment if

the bank pays simple interest
Mathematics
1 answer:
Jobisdone [24]2 years ago
3 0

Answer:

5 years

Step-by-step explanation:

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10 is 5% of what number
GarryVolchara [31]
We can use proportion to get the result
10 ----------- 5%
x ------------- 100%
Crossmultiply proportion

5*x=10*100
5x=1000     /:5 divide both sides by 5
x=1000:5
x=200 - its the answer


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