Answer:
2yrs
Step-by-step explanation:
Given parameters:
Amount of interest earned = $40
Principal = $400
Interest rate = 5%
Unknown:
Time taken for the money to be in bank = ?
Solution:
The formula for interest is given as:
I =
Where I is the interest
P is the principal
R is the rate
T is the time
So;
100I = PRT
T =
=
= 2yrs
Answer:
good question.... maybe by the way a person acts
Step-by-step explanation:
Answer:
the figure is missing. please provide the figure.