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

Interest earned: $40, Principal: $400, Time: 2 years. Find the rate.
asked 192k views
4 votes
Interest earned: $40, Principal: $400, Time: 2 years. Find the rate.

asked
User Roxie
by
8.3k points

2 Answers

1 vote

Answer:

840

Explanation:

40+400×2=840

answered
User Fuji
by
8.4k points
5 votes

5 percent per year

400/10=40

40/2=20

400/20=5

5 percent per year

answered
User Vikash B
by
8.6k points
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