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OpenStudy (anonymous):
Find the number of years it would take for $1200 to earn simple interest of $324 at an annual interest rate of 6% per year.
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OpenStudy (mathstudent55):
I = prt I = interest p = principal amount r = annual interest rate t = time in years
OpenStudy (anonymous):
give me the awnser please
OpenStudy (mathstudent55):
$324 = $1200 * 0.06 * t $324 = $72t t = 324/72 t = 4.5
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