An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time ?

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asked Nov 21, 2017 17.7k views

1 Answer

Petros Kalafatidis · Answer 1 · 2017-11-26T02:00:06+0000

Simple Interest , I = PRT/100

Where P = Principal, R = Rate, T = Time in years

Time, T = (100*I)/(P*R)

T = 100* 84 / (600 * 7) Use your calculator

T = 2

Time is 2 years.

An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time ?

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