PLEASE HELP ASAP
Simple interest:
The length of time for £5000 to earn £1000 if invested at 10 percent per annum

Respuesta :

Answer:

2 years

Step-by-step explanation:

1) principle:$5000

Rate : 10%

S.I = $1000

Therefore length of time =

S.I x 100 divided by Principle x rate

= 1000 x 100 divided by 5000 x 10

Answer= 2 years.

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