Question

Need AssistancePlease Show Work​

Answer 1

Answer:

3 years

Step-by-step explanation:

Use the formula I = prt, where I is the interest money made, p is the starting amount of money, r is the interest rate as a decimal, and t is the time the money was borrowed.

Plug in the values and solve for t:

108 = (1200)(0.03)(t)

108 = 36t

3 = t

= 3 years