Question

Assume you have a balance of $1,900 on a credit card.

Answer 1

principal=$1900

rate =13.6 %

simple interest= $35

Time=?

SIMPLE INTEREST ={PRINCIPAL×RATE×TIME}/{100}

$35= ${ 1900 ×13.6× TIME}{100} /$

$35×100=25840× TIME

TIME=$\bold\frac{ 3500}{25840}$

TIME=$700/5168$

TIME=${\tt{\green{\underline{\underline{\huge{0.1354489164}}}}}}$ years

sorry I can't solve wrong answer