raheemwalter raheemwalter

14-01-2021
Business

contestada

Interest: How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest?

Respuesta :

Samawati Samawati

16-01-2021

Answer:

4 years

Explanation:

Simple Interest is calculated using the formula below

I= P x r x t

Where I = Interest

p= principal

r= interest rate

t= time in years

In this case

I=81

p=450

r=4.5 % or 0.045

t=???

Therefore;

81= 450 x 0.045 x t

81=20.25t

t=81/20.25

t=4

It will take four years

Answer Link

Otras preguntas

what is the process of earning interest or interest that you’ve already earned? •interesting •compounding •accumulating •saving

Why did the declaration of sentiments adopted seneca falls convention in 1848?

A virus is spreading exponentially. The initial amount of people infected is 40 and it is increasing at a rate of 5% per day. How many people will be infected

How would the number of moles (n) of o2 change if your atmospheric pressure was doubled and all other variables stayed the same?

Write a function powerthree that, given a non-negative number n, returns 3n ( 3^n, or "3 raised topower n") recursively, assuming 3n is something that can be re

Which mineral would be found in greatest concentration in the plasma of the marathon runners? a. zinc b. phosphorus c. potassium d. iron e. sodium?

What island is there a demand for independece from france?

describe how lobbyists affect economics

What does this image suggest about whether these immigrants are seeking to assimilate into American society?

help please!! really quickly