SOLUTION: what is the answer to this Principal = $200 rate = 5% time =? interest= $10

SOLUTION: what is the answer to this Principal = $200 rate = 5% time =? interest= $10

Algebra.Com

Question 271224: what is the answer to this
Principal = $200
rate = 5%
time =?
interest= $10
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
You have to say whether it's simple
or compound interest
The formula for simple is:

The formula for compound is:

(n is the times per year interest is compounded)
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