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

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Question 271224: what is the answer to this
Principal = $200
rate = 5%
time =?
interest= $10
Answer by josmiceli(19441) About Me  (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:
A+=+P%2A%281+%2B+tr%29
The formula for compound is:
A+=+P%2A%281+%2B+r%2Fn%29%5E%28nt%29
(n is the times per year interest is compounded)