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An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time ?
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An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time ?

User Amol Challawar
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1 Answer

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Simple Interest , I = PRT/100

Where P = Principal, R = Rate, T = Time in years

Time, T = (100*I)/(P*R)

T = 100* 84 / (600 * 7) Use your calculator

T = 2

Time is 2 years.
User Petros Kalafatidis
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