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tatuchka [14]
3 years ago
5

Interest earned: $294 Principal: $600 Interest rate: 7% Time:

Mathematics
1 answer:
ICE Princess25 [194]3 years ago
6 0

Answer: 7 years

Step-by-step explanation:

Given the formula for simple interest as

Principal × Rate × Time

To find Time is therefore 100 × Interest/ Principal x Rate

From the above question,

Principal is given as 600;

Interest is 294 and

Rate is 7%

Slot the values into the formula:

100 × 294/ 600 x 7

= 29400/4200

=7

Therefore, Time (T) is 7 years

I hope this is clear, please mark as brainliest

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