document.write( "Question 193481: IN what time will interest on a given sum of at 5 1/3 amount to one third of the sum? \n" ); document.write( "

Algebra.Com's Answer #145267 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

You can put this solution on YOUR website!
IN what time will interest on a given sum of at 5 1/3 amount to one third of the sum?
\n" ); document.write( ":
\n" ); document.write( "Using p*r*t = i
\n" ); document.write( "Where
\n" ); document.write( "p = 3
\n" ); document.write( "r = .0533
\n" ); document.write( "t = time
\n" ); document.write( "i = 1
\n" ); document.write( ":
\n" ); document.write( "3*.0533*t = 1
\n" ); document.write( ".0533t = $\"1%2F3\"$
\n" ); document.write( ".0533t = .333
\n" ); document.write( "t = $\".333%2F.0533\"$
\n" ); document.write( "t = 6.247 yrs
\n" ); document.write( "We have to say 7 yrs if they pay annually
\n" ); document.write( ":
\n" ); document.write( ":
\n" ); document.write( "Check on calc: enter: 3*.0533*6.247 = .999 ~ 1
\n" ); document.write( " \n" ); document.write( "

\n" );