Question

The simple interest $ Interest, on a sum of money , $P after T years at R% is given by the formula interest = PRT ÷100

a) make t subject of the formula
b) find t if interest = 51 , P =340 and R=2 1/2​

Answer 1

Explanation:

a)t=100×I÷PR

b)t=200×51÷340×5 (simplify)

therefore t=8670

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