bboffyy
Answered


Weiming invests S4000 in a savings scheme that pays simple interest at a rate of 2% per annum.
Calculate the time taken for his investment to grow to $4400.

Answer :

msafirirobin

Answer:

55 YRS

Step-by-step explanation:

T=INTEREST X 100%/PRINCIPAL X RATE

T=4400X100%=440000%/4000 X 2%

T=440000%/8000%

T=55 YRS

Other Questions