1.25 years
Calculation:
Simple Interest = Principal x Rate x Time
600 = 4000 x 0.12 x Time
Time = 1.25 years
How long will it take R4000 to accumulate to R 4 600 at 12 % per annum simple interest?
4 months
1.25 years
118 years
213 years
0.138 months
1 answer