Question

andrew is saving up for a down-payment for his first car. andrew invested $5,000 in an account earning 3.5% simple interest. he earned 1,050 in interest. for how may years was andrew's money invested

Answer 1

`\\S.I = (P*R*T)/(100) \\ 1050 = (5000 *3.5*T)/(100) \\ 1050 = 5*35*T \\ T = (1050)/(5*35) = 6 \: years.`

Andrew's money was invested for 6 years.