Question

If 225.00 yields 27.00 in x years as simple interest at the rate of 4% per annum find x​

Answer 1

Answer:

3 years

Step-by-step explanation:

By simple interest formula:

$i = \frac{prt}{100} \\ \\ 27 = \frac{225 \times 4 \times x}{100} \\ \\ x = \frac{27 \times 100}{900} \\ \\ x = \frac{2700}{900} \\ \\ x = 3 \: years$