Ask Question
3 March, 14:23

Princible $15,500 Annual interest Rate 8.75% Time Simple interest $5425.00

+1
Answers (1)
  1. 3 March, 15:55
    0
    Answer: 4 years

    Step-by-step explanation:

    Principal (P) = $15500

    Interest (I) = $5425

    Rate (R) = 8.75%

    Time (T) = ?

    To find the time, T

    I = (P x T x R) / 100

    making T the subject of formula

    T = (100 x I) / P x R

    Inputting the given values

    T = (100 x 5425) / 15500 x 8.75

    T = 542500 / 135625

    T = 4years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Princible $15,500 Annual interest Rate 8.75% Time Simple interest $5425.00 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers