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Secondary 1 | Maths
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Amelia
Amelia

Secondary 1 chevron_right Maths chevron_right Singapore

Pls help

Date Posted: 4 years ago
Views: 296
Eric Nicholas K
Eric Nicholas K
4 years ago
Interest earned is 2100, against the 16800 starting capital. The interest rate is 5% per annum.

Using the formula I = PRT where R is expressed as a percentage 5%,

2100 = 16800 (5%) (number of years)
2100 = 840 (number of years)

Number of years
= 2100/840
= 2.5

(2 years 6 months)

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AC Lim
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