fadaklawatiii fadaklawatiii
  • 11-12-2021
  • Mathematics
contestada

5 What rate of interest is paid on a deposit of $2000 which earns $400
interest in 5 years?

Respuesta :

Lebright
Lebright Lebright
  • 11-12-2021

Answer:

4%

Step-by-step explanation:

Given

  • I = 400
  • P = 2000
  • R = ?
  • T = 5 years

Formula

  • I = PRT

Solving.

  • I = PRT
  • 400 = 2,000 × R × 5
  • 400 = 10,000 × R
  • 400 / 10,000 = R
  • 0.04 = R

Change 0.04 to percent

  • 0.04 × 100 = 4%

Answer:

  • 4%
Answer Link

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