beatricenapawa1997 beatricenapawa1997
  • 23-08-2020
  • Mathematics
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how much time with it take for 450 to yield 81 as interest at 4.5 per annum of simple interesst
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sqdancefan
sqdancefan sqdancefan
  • 23-08-2020

Answer:

  4 years

Step-by-step explanation:

The formula for simple interest is useful here.

  I = Prt

where P is the principal invested at rate r for t years.

Fill in the given values and solve for t:

  81 = 450×0.045×t

  81/20.25 = t = 4

It will take 4 years for 450 to yield 81.

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