Answer:I is equal to the principal multiplied by the rate multiplied by the time.
The rate of interest is 5%.
If the principal earns half of its value in interest at 5% simple interest, then
1/2 P = principal multiplied by rate multiplied by time
P x.05 x t = 1/2 P
Proceed with the division after expressing 1/2 as a decimal.
_.5 P =.05 Pt _.5 Pt _.5 Pt _.5 Pt
.05 P.05 P.05 P.05 P.05 P.05 P.05 P.
t = ten
As a result, at 5% simple interest, it will take ten years to earn interest equivalent to half of the principal.
Simple interest, principal, rate, and time are all terms that might be used to describe something.
Step-by-step explanation:
