nwaokobialucas nwaokobialucas

05-05-2020
Mathematics

contestada

In what time will $200 amount to $270 at the rate of 5%p.a. Simple interest?

Respuesta :

water202 water202

05-05-2020

5 percent of 200 is 10 and 70/10 is 7. So after 7 years if your rate is anual rate

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lwittenbornmain lwittenbornmain

05-05-2020

Answer:

At an interest rate of 5% yearly it would take 7 years

Step-by-step explanation:

5% of $200 is $10

%270 - $200 = $70

$70 / 10 = 7

Answer Link

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