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

User Roxie
by
6.8k points

2 Answers

1 vote

Answer:

840

Explanation:

40+400×2=840

User Fuji
by
6.5k points
5 votes

5 percent per year

400/10=40

40/2=20

400/20=5

5 percent per year

User Vikash B
by
7.3k points
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