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What is the amount of money, p, that will generate $40 in interest at a 10% interest rate over 5 years?

What is the amount of money, p, that will generate $40 in interest at a 10% interest rate over 5 years?
asked 68.3k views
3 votes
what is the amount of money, p, that will generate $40 in interest at a 10% interest rate over 5 years?

asked
User Marius Mucenicu
by
8.3k points

1 Answer

4 votes
i think p = 80 because
10% of 80 = 8
8 x 5 years = 40$
answered
User Gnanasekar S
by
8.1k points
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