Question

find the time when #360.00 will yield #3600 at 2% p.a

Answer 1

Answer:

500 years

Step-by-step explanation:

Using simple interest formula

$3600 = 360$×$\frac{2}{100}$×$n$

where n is the number of years

$n=\frac{3600}{360}$×$\frac{100}{2}$

or $n=500$

Note: It isn't clear whether the question is about simple interest or compound interest but as compound interest problem cannot be solved without logarithm, it is assumed, for the secondary level that the question is about simple interest.