How long will it take to earn $252 in interest if $1200 is invested at 7% annual rate interest?

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13-06-2016
Mathematics

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How long will it take to earn $252 in interest if $1200 is invested at 7% annual rate interest?

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sakhii sakhii · Answer 1 · 2016-06-15T15:56:38+02:00

sakhii sakhii

15-06-2016

it takes 3 years.formula interest =PRT/100 so its 252 =1200 times 7 times T all over 100 then multiply by 100 both sides to get 25200=8400T devide by 8400 both sides to get 3

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