brainstormer3
Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

DONT BS JUST ANSWER



Arthur's brother wants to borrow some money. Arthur decided to lend him $1000 at 2% simple interest. If the loan will cost his brother $50, how much time does he have before he has to pay Arthur back. (See Example 2 in your notes.)

a
2 years
b
2.5 years
c
3 years
d
3.5 years

Sagot :

Answer:

b) 2.5 years

Step-by-step explanation:

S.I. = P×R×T/100

T = S.I.×100/ P×R

= 50×100/1000×2

= 2.5 years

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.