How many weeks will it take for 50 000 to earn 1500 in interest if the rate is 6% p.a.
2 answers
aaaaa
using a weekly rate for simple interest, you want
p*rt = 1500
50000*(.06/52)t = 1500
t = 26
makes sense, since you will earn 6% of 50000 = 3000 in a year.
p*rt = 1500
50000*(.06/52)t = 1500
t = 26
makes sense, since you will earn 6% of 50000 = 3000 in a year.