WILL MEDAL
Simon invested $1,550 at 6.5% simple interest. He earned $302.25 in interest after t years. What is the value of t?

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Question

WILL MEDAL 
Simon invested $1,550 at 6.5% simple interest. He earned $302.25 in interest after t years. What is the value of t?
		
()1
		
()9
		
()6
		
()3

anonymous · Answer

PLZ HELP

kropot72 · Answer

The interest after once year is 1,555 * 0.065.
Now we can set up an equation for the interest after t years:
$$\large 302.25=t(1550\times0.065)\ .....(1)$$
Now you just need to solve equation (1) to find the value of t.

anonymous · Answer

how

kropot72 · Answer

You just divide both sides of equation (1) by (1550 * 0.065):
$$\large t=\frac{302.25}{(1550\times0.065)}=you\ can\ calculate$$