Ok so <span>Interest = Principle * rate * time
P = 10,000
R = 3% = 0.03
T (we need to solve for t
I = 3600
now we sub..
3600 = (10,000)(0.03)(t)
3600 = 300t -- divide both sides by 300
3600/300 = t
12 = t
check..
I = prt
3600 = (10000)(0.03)(12)
3600 = (300)(12)
3600 = 3600 (correct)
It would take 12 years</span>
