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If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time? Formula = simple interest= principal times annual interest rate times the time in years
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If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time?

Formula = simple interest= principal times annual interest rate times the time in years

User Dale Jefferson
by
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1 Answer

3 votes

Answer:

1 Year

Explanation:


Simple=Principal*Rate*Years\\25=500*0.05*Years\\25=25*Years\\1=Years

User Phoste
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