asked 2.4k views
4 votes
Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It

earned $157.50 in simple interest. How many years was it invested for?

asked
User Garrett
by
8.4k points

1 Answer

0 votes
I think So first you subtract 3500-157.50 then divide that answer by 1.50. Then divide by 100 and you get rounded up to 34
answered
User DroidPilot
by
8.2k points
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