0 like 0 dislike
10 views
Johnston invested R5 500. He received R1 650,00 interest. The applicable simple interest rate was 5% per year. Determine the period of time which the money was invested.
in BNU1501 by Diamond (40.1k points) | 10 views

1 Answer

0 like 0 dislike
A =P ( 1 + in) 5500 + 1650 = 5500 ( 1 + 0.05n) .... 1.3 = 1 + 0.05n n = 6 years
by Wooden (3.5k points)

Related questions

Welcome to MathsGee Skills Question and Answer Bank, a platform, where you can ask study questions and receive answers from other members of the community. Help is always 100% FREE!
MathsGee Q&A is the knowledge-sharing community where millions of students and experts put their heads together to crack their toughest homework questions.

Enter your email address:

Categories

[consumerlti id="python_coding"]