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Benji09 Benji09
  • 14-03-2016
  • Mathematics
Answered

An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time ?

Verified Answer :

olemakpadu
olemakpadu olemakpadu
  • 15-03-2016

Simple Interest , I =  PRT/100

Where P = Principal, R = Rate, T = Time in years

Time, T =    (100I)/(PR)

T =  100 84 / (600 7)            Use your calculator

T = 2

Time is 2 years.

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