2024 BTYSS P1 Q14

2024 BTYSS P1 Q14

Secondary 4
2 marks

May invested \(\$4800\) in a company, which pays a simple interest of \(5\%\) per annum.

Find the number of years it will take for her to receive an interest of \(\$2280\) on her investment.[2]

Solution:

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Answer:\(9.5\text{ years}\)

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