What simple interest rate will robert need to secure to make $2,500 in interest on a $10,000 principal over 5 years? 1 4% 2 7% 3 6% 4 5%
Answers
Answered by
0
Answer:
5%
Step-by-step explanation:
2500= (10000*5*rate)/100 by formula
interest = principle *rate *time /100
Similar questions