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

1.25 years

Calculation:
Simple Interest = Principal x Rate x Time
600 = 4000 x 0.12 x Time
Time = 1.25 years