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14 February, 06:18

An account earns annual simple interest. Interest earned: $84 principal:$600 interest rate:7% find the time?

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  1. 14 February, 07:20
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    Simple Interest, I = PRT/100

    Where P = Principal, R = Rate, T = Time in years

    Time, T = (100*I) / (P*R)

    T = 100 * 84 / (600 * 7) Use your calculator

    T = 2

    Time is 2 years.
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