guilianna03 guilianna03

28-02-2016
Mathematics

Answered

how long would it take me to earn $139.50 of interest at a 6% interest rate if I started with $930.00

Verified Answer :

taskmasters taskmasters

28-02-2016

The simple interest formula is
presented as I = PxRxT where I is the interest, P is the principal amount, R is
the rate and T is the time.

I = PxRxT

$139.50 = $930.00 x 0.06
x T

T = 2.5 years

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