SOLUTION: James invested $4000 at 5% interest per year. How long will it take him to earn 200 dollars in simple interest.

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Question 191501: James invested $4000 at 5% interest per year. How long will it take him to earn 200 dollars in simple interest.
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
:
200=4000(.05)t
:
200=200t
:
t=1 year