remymakima remymakima

15-06-2021
Mathematics

contestada

ethan invests £500 in the bank for 2 years he earned £40 simple interest

Respuesta :

bhadelsimron19 bhadelsimron19

15-06-2021

Answer:

Rate = 4%

Step-by-step explanation:

principal = £500

time = 2 years

simple interest = £40

rate = ?

simple interest = PTR / 100

£40 = £500*2*R /100

£40*100 = £1000*R

£4000/£1000 = R

4 % = R

Answer Link

Otras preguntas

Mr. Ford enrolled in an MA-only plan in mid-November during the Annual Election Period (AEP). On December 1, he calls you up and says that he has changed his mi

Find the square of this equation

What structure is found mostly in green plant cells but not in animals

Help please ASAP :) please give answers to both questions

What role did Monasteries play in the world of art ?

See attached, when I type it in the text box it says it hurts their feelings....

cuales son los instrumentos clasicos que intervienen en una sinfonia?

Which values of a, b, and c correctly represent the answer in simplest form? 4 1/2 divided by 1 1/4 = a b/c

Companies have the opportunity to use varying amounts of different sources of financing, including internal and external sources, to acquire their assets, debt

At the level of output at which a single-price monopolist maximizes profit, price is Group of answer choices