Answer:
15years
Step-by-step explanation:
Given data
Rate= 9%
Principal= $2000
Final amount= $4700
The simple interest formula is given as
A= P(1+rt)
Substitute
4700=2000(1+0.09*t)
4700= 2000+ 180t
4700-2000= 180t
2700=180t
t= 2700/180
t= 15 years
Hence the time is 15years
Answer:
0.07 and
Step-by-step explanation:
convert the fraction into a decimal by dividing the numerator by the denominator.
The answer I got was 12 if needed I can take a picture of how I worked it
