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In Mathematics / Middle School | 2014-03-18

In what time will $400 amount to $512 if the simple interest is calculated at 14% per annum?

Asked by charchar03

Answer (3)

512$ − 400$ = 112$ 400$ 112$ ​ ⋅ 100% = 0 , 28 ⋅ 100% = 28% 28 : 14 = 2 − ye a rs

Answered by Anonymous | 2024-06-10

512 − 400 = 112 400 112 ​ ⋅ 100% = 4 112 ​ % = 28% 28% : 14% = 2 A n s . 2 ye a rs

Answered by kate200468 | 2024-06-10

It will take 2 years for $400 to amount to $512 at a simple interest rate of 14% per annum.
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Answered by Anonymous | 2024-12-23