Respuesta :
The formula to find the amount of money (p) is
P=I/rt
P the amount of money ?
I simple interest 20
R interest rate 0.05
T time 5years
So
P=20÷(0.05×5)
P=80
Hope it helps!
P=I/rt
P the amount of money ?
I simple interest 20
R interest rate 0.05
T time 5years
So
P=20÷(0.05×5)
P=80
Hope it helps!