Math, asked by chrisoffill321, 11 months ago

what is the Amount of money, p, that will generate $40 in interest at a 10% rate over 5 years?

Answers

Answered by aryannayakrkl
4

Answer:

The amount of money is 60$

Step-by-step explanation:

Given, Principal, P = $40

Rate, R = 10%

Time, T = 5 years

We have to calculate the amount A = S.I + P

S.I =\frac{ P\times R \times T}{100}S.I=

100

P×R×T

⇒ S.I = \frac{40\times 10\times 5}{100}S.I=

100

40×10×5

= 20

Hence, Amount = S.I + P

= 20 + 40 = 60$

Answered by lisaneedham
2

Answer:

A

Step-by-step explanation:

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