simranm098 simranm098

18-06-2021
Mathematics

contestada

Calculate the time it would take for a $70000 investment to earn $1400 of simple interest at a rate of 4% per annum

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jellyboy07 jellyboy07

21-06-2021

Answer:

half a year (6months)

Step-by-step explanation:

because simple interest of $70000 at 4% is $2800 in a year so $1400 is half of that

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