If 225.00 yields 27.00 in x years as simple interest at the rate of 4% per annum find x

asked Jul 11, 2021 133k views

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by Koque

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Answer:

3 years

Explanation:

By simple interest formula:

$i = (prt)/(100) \\ \\ 27 = (225 * 4 * x)/(100) \\ \\ x = (27 * 100)/(900) \\ \\ x = (2700)/(900) \\ \\ x = 3 \: years$

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