Question

George wants to earn $250 on an investment of $400 over a 5-year time frame. What interest rate would George need in order to earn the desired amount of interest.

Answer 1

Explanation:

I=$250

P=400

R=?

T=5

I=P*R*T/100

250=400*R*5/100

250=4*R*5

250=20R

R=250/20

R=$12.5

Answer 2

Step-by-step explanation:20