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How long must $1000 be invested at an annual interest rate of 3% to earn $300 in sinple interest?

How long must $1000 be invested at an annual interest rate of 3% to earn $300 in sinple interest?
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How long must $1000 be invested at an annual interest rate of 3% to earn $300 in sinple interest?

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User Alterscape
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\begin{gathered} S\mathrm{}I=(Prt)/(100) \\ 300=(1000*3* t)/(100) \\ t=\text{ 10 year} \end{gathered}

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User Reno
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