kitkat8424 kitkat8424

25-03-2019
Mathematics

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If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time?

Formula = simple interest= principal times annual interest rate times the time in years

Respuesta :

iloveonedirection iloveonedirection

25-03-2019

Answer:

1 Year

Step-by-step explanation:

[tex]Simple=Principal*Rate*Years\\25=500*0.05*Years\\25=25*Years\\1=Years[/tex]

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