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17-06-2020
Mathematics

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Weiming invests S4000 in a savings scheme that pays simple interest at a rate of 2% per annum.
Calculate the time taken for his investment to grow to $4400.

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msafirirobin msafirirobin

17-06-2020

Answer:

55 YRS

Step-by-step explanation:

T=INTEREST X 100%/PRINCIPAL X RATE

T=4400X100%=440000%/4000 X 2%

T=440000%/8000%

T=55 YRS

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