what is the Amount of money, p, that will generate $40 in interest at a 10% rate over 5 years?
Answers
Answered by
4
Answer:
The amount of money is 60$
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
2
Answer:
A
Step-by-step explanation:
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