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12 March, 23:21

I=$450 P=$2400 R=7.5%

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  1. 13 March, 00:26
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    I = PRT ... rearrange = I / PR = T

    I = 450

    R = 7.5% ... turn to decimal = 0.075

    P = 2400

    I / (PR) = T

    450 / (2400 * 0.075) = T

    450 / 180 = T

    2.5 = T ... so time is 2.5 years, or 2 1/2 years
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