Math, asked by kashanecohen, 7 months ago

if 6,200.00 is invested at 12% per annum,how long will it be until it reaches 9,920.00​

Answers

Answered by abhyankarmadhur
1

Step-by-step explanation:

by simple interest and is 5

simple interest = p*r*n/100

simple interest here is 9920-6200=3720

therefore 3720 = 6200*12*n/100

3720 = 62*12n

3720 = 744n

3720/744= n

n=5 years

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