SOLUTION: How long has a capital of 12000€ been at a simple interest of 2% If it has generated 720€ of earnings ?

Question 1169371: How long has a capital of 12000€ been at a simple interest of 2% If it has generated 720€ of earnings ?

Found 2 solutions by Boreal, MathTherapy:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=PRT
720=10000*0.02*t
720=200t
t=3.6 years
Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!

How long has a capital of 12000€ been at a simple interest of 2% If it has generated 720€ of earnings ?

He's WRONG!
Correct answer:
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