Question

PLEASE HELP!

How many years would it take to earn $225 on a $750 investment at 5% simple interest?

Answer 1

T = 6 years

Step-by-step explanation:

Given that,

Principal, P = $750

Interest = $225

Rate of interest = 5%

We need to find in how many years it would take to earn $225 on a $750 investment at 5% simple interest. The formula for simple interest is given by :

`I=(PRT)/(100)\\\\T=(100I)/(PR)\\\\T=(100* 225)/(750* 5)\\\\T=6\ years`

So, the required time is 6 years.