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Andrej [43]
3 years ago
12

Please Help!

Mathematics
1 answer:
JulijaS [17]3 years ago
8 0

Answer:8865=6000(1+\frac{5\times t}{100})

Step-by-step explanation:

Given

Liam deposited P=\$\ 6000

Rate of interest is R=5\ \%

If the amount after t years is A=\$\ 8865

Simple interest is given by

S.I.=\dfrac{P\times R\times t}{100}

And amount is

A=P+S.I.

A=P(1+\frac{R\times t}{100})

Substituting values we get

8865=6000(1+\frac{5\times t}{100})

1.4775=1+\frac{5\times t}{100}

0.4775\frac{5\times t}{100}

5t=47.75

t=\frac{47.75}{5}=9.55\ years

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