Interest earned: $40, Principal: $400, Time: 2 years. Find the rate.

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Xenosoz asked Jul 27, 2022

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Interest earned: $40, Principal: $400, Time: 2 years. Find the rate.

Mathematics
college

Xenosoz asked Jul 27, 2022

by Xenosoz

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21 votes

Answer:

840

Explanation:

40+400×2=840

Yakiang answered Jul 30, 2022

by Yakiang

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7 votes

5 percent per year

400/10=40

40/2=20

400/20=5

5 percent per year

Chris Steele answered Aug 2, 2022

by Chris Steele

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