$1400 is invested at 4% per annum simple interest. How long will it take for the amount to
reach $1624?
Answers
Answered by
0
Answer:
Step-by-step explanation:
Answered by
3
Answer:
it will take 4 years
Step-by-step explanation:
According to the problem,
P=14000
r=4%
Amount(A)=16240
T=?
So,
SI=A−P
SI=16240−14000=2240
T=(p×r)(100×SI)
T=(14000×4)(100×2240)
T=56000224000
T=4
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