Question

Simple interest interest: $50principal:$350rate: 6.5time:x

Answer 1

Given:

Interest (SI) = 50

Principal (P) = 350

rate (R) = 6.5. (Here, rate is 6.5 %)

To find time,

`\begin{gathered} S\mathrm{}I\mathrm{}=P* R* T \\ 50=350*(6.5)/(100)* x \\ x=(50)/(22.75) \\ x=2.197 \\ x\approx2\text{ years ( approximated) } \end{gathered}`

Answer: x = 2 years.