Mary invested $200 for 5years at 5% per annum. John invested $500 at the same rate if they both received ths same amount of money in simple interest. For how many years did john invest his money?hi
(A) 2
(B) 2.5
(C) 3
(D) 5
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Answer:
answer is option A 2years
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Answer:b
Step-by-step explanation:
As it’s 5% every year which would also be 5% on top of the interest gained from the year before.
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