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If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time? Formula = simple interest= principal times annual interest rate times the …

If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time? Formula = simple interest= principal times annual interest rate times the …
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If the interest earned is $25 and the principal is $500 and the interest rate is 5%, what is the time?

Formula = simple interest= principal times annual interest rate times the time in years

asked
User Dale Jefferson
by
8.4k points

1 Answer

3 votes

Answer:

1 Year

Explanation:


Simple=Principal*Rate*Years\\25=500*0.05*Years\\25=25*Years\\1=Years

answered
User Phoste
by
8.5k points
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