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Find the amount of time. I = $60, P= $400, r = 5% Find how many years

Find the amount of time. I = $60, P= $400, r = 5% Find how many years
asked 133k views
5 votes
Find the amount of time.
I = $60, P= $400, r = 5%
Find how many years

asked
User Cita
by
9.3k points

1 Answer

1 vote

I=PRT

$60= 400 ×.05 × t

$60= 20× t

t= 60/20

3=t

answered
User Rhyttr
by
8.1k points
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