Question

If 225.00 yields 27.00 in x years as simple interest at the rate of 4% per annum find x​

Answer 1

3 years

Explanation:

By simple interest formula:

`i = (prt)/(100) \\ \\ 27 = (225 * 4 * x)/(100) \\ \\ x = (27 * 100)/(900) \\ \\ x = (2700)/(900) \\ \\ x = 3 \: years`