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maw [93]
2 years ago
15

Find the amount of time. I=$237. 90, P=$1525, r=2. 6% Find the amount of time. __ Years

Mathematics
1 answer:
Virty [35]2 years ago
3 0

~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$237.90\\ P=\textit{original amount deposited}\dotfill & \$1525\\ r=rate\to 2.6\%\to \frac{2.6}{100}\dotfill &0.026\\ t=years \end{cases} \\\\\\ 237.90 = (1525)(0.026)(t)\implies \cfrac{237.90}{(1525)(0.026)}=t \implies 6=t

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