Question

4. In how many years * 1.600 invested at 5% will amount to 1.920 ?​

Answer 1

Answer:

4 years

Step-by-step explanation:

Given :-

principal = 1.600 , rate = 5% , amount = 1.920 , Found = time

simple interest = amount – principal

simple interest = 1.920 – 1.600

= 1920 – 1600 = 320,

time = simple interest × 100

——–——————————

principal × rate

time = 320 × 100

——–——–— = 4 Year's

16000× 5