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2 October, 00:02

How many years will Matt need to invest $4200 to earn $200 interest, if the simple interest rate is 2.5% p. a.? Round the answer to the nearest year

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  1. 2 October, 00:20
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    Answer: 2 years

    Step-by-step explanation:

    SI = prt / 100

    200 = (4200 x 2.5 x t) / 100

    200 = 105 t

    t = 200/105 = 1.9
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