Answer:
1.5 years.
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 6%/100 = 0.06 per year,
then, solving our equation
t = 162 / ( 1800 × 0.06 ) = 1.5
t = 1.5 years
The time required to
accumulate simple interest of $ 162.00
from a principal of $ 1,800.00
at an interest rate of 6% per year
is 1.5 years (about 1 years 6 months).
