aprilthomas2005 aprilthomas2005

22-04-2020
Mathematics

contestada

ethan invested £500 in the bank for 2 years.
he earned £40 simple interest in total.

what was the simple interest rate per annum

Respuesta :

gloriaemaikwu123 gloriaemaikwu123

22-04-2020

Answer:

Step-by-step explanation:

I=PRT/100

40=(500XRX2)/100

R=(40X100)/500X2

R=4000/1000

R=4 percent/annum

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