Benji09 Benji09

15-03-2016
Mathematics

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

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olemakpadu olemakpadu

15-03-2016

Simple Interest , I = PRT/100

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

Time, T = (100*I)/(P*R)

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

T = 2

Time is 2 years.

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