document.write( "Question 719011: rosa invested $600 at 3.9% simple interest. At the investment's maturity, its value was $1302, how long was the money invested? \n" ); document.write( "
Algebra.Com's Answer #441153 by god2012(113) You can put this solution on YOUR website! Solution :\r \n" ); document.write( "\n" ); document.write( "Given : Principal = $600\r \n" ); document.write( "\n" ); document.write( "Amount at maturity = $1302 \n" ); document.write( "Rate of interest = 3.9%\r \n" ); document.write( "\n" ); document.write( "Interest = Amount - Principal = $1302 - $600 = $702\r \n" ); document.write( "\n" ); document.write( "Simple interest = I = P*T*R /100 \n" ); document.write( "T = 100*I/PR = 100 * 702 / (600 * 3.9) = 30 years \n" ); document.write( " \n" ); document.write( " |