sadawacooks8301 sadawacooks8301
  • 27-04-2022
  • Mathematics
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Find the amount of time. I=$237. 90, P=$1525, r=2. 6%
Find the amount of time. __ Years

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jdoe0001 jdoe0001
  • 27-04-2022

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$237.90\\ P=\textit{original amount deposited}\dotfill & \$1525\\ r=rate\to 2.6\%\to \frac{2.6}{100}\dotfill &0.026\\ t=years \end{cases} \\\\\\ 237.90 = (1525)(0.026)(t)\implies \cfrac{237.90}{(1525)(0.026)}=t \implies 6=t[/tex]

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