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March 29, 2017

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

  • math - ,

    4,000 * 0.05x = 200

    Solve for x.

  • math - ,

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

  • math - ,

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

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