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Pavlova-9 [17]
3 years ago
12

Find the amount of time. 8. I = $2000, P = $5000, r = 8%

Mathematics
1 answer:
algol [13]3 years ago
5 0

Answer:

t = 5 years

Step-by-step explanation:

I = $ 2000

P = $ 5000

r = 8%

I = P * \frac{r}{100}*t\\\\t =\frac{ I * 100}{P*r}\\\\t =\frac{2000*100}{5000*8}\\\\ = 5

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