Answer:
(B)
Step-by-step explanation:
PRINCIPAL AMOUNT(p) = $400
RATE (r)= 250% = 2.5
INTEREST = $80
t = time (in days) = t/365
By using the formula,
r = [tex]\frac{i}{pt}[/tex]
2.5 = [tex]\frac{80*365}{400*t}[/tex]
t = [tex]\frac{364*80}{400*2.5}[/tex]
t = 29.2
t = 29 days (approx)
Hence option (B) is correct.
