asked 218k views
3 votes
The simple interest I on an investment of P dollars at an interest rate R for T years is giving by I=PRT. Find the time it would take to earn $1400 in interest on an investment of $27,000 at a rate of 4.2%

1 Answer

6 votes
The answer is 1.23 years
answered
User Claudiut
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8.2k points
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