James invested $4,000 at 5% interest per year; how long will it take him to earn $200 in simple interest?

4,000 * 0.05x = 200

Solve for x.

is it subtracting 4ooo - 200 and then diving by .05 to solve for X?

T=I/Pr

T=200/ 4000*5%
T= 200/ 4000*.05
T=200/200
T=1 Year

To find out how long it will take James to earn $200 in simple interest, we need to use the formula for simple interest:

Interest = Principal * Interest Rate * Time

In this case, James invested $4,000 at an interest rate of 5% per year, and he wants to earn $200 in interest. We have everything we need except for the time it will take.

Let's rearrange the formula to solve for time:

Time = Interest / (Principal * Interest Rate)

Plugging in the values:

Time = $200 / ($4,000 * 0.05)

Time = $200 / $200

Time = 1 year

Therefore, it will take James 1 year to earn $200 in simple interest.