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