document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=772783>Question 772783</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much time will it take to gain $270 in simple interest with an interest rate of 5% and an investment of $1,200?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #471106 by </B><A HREF=/tutors/aboutme.mpl?userid=pakhi><B>pakhi(24)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=pakhi><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=pakhi><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=471106\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The equation for simple interest calculation is <BR>\n" );
document.write( "S.I. = (P * R * T)/100<BR>\n" );
document.write( "where S.I. = simple interest<BR>\n" );
document.write( "      P = principal amount<BR>\n" );
document.write( "      R = rate of interest in percentage<BR>\n" );
document.write( "      T = time in years <BR>\n" );
document.write( "  '*' symbol denotes multiplication<BR>\n" );
document.write( " <BR>\n" );
document.write( "Therefore according to the problem<BR>\n" );
document.write( "    270 = (1200 * 5 * T)/100<BR>\n" );
document.write( "or  270 * 100 = 6000T<BR>\n" );
document.write( "or  T = 27000/6000 = 4.5yrs<BR>\n" );
document.write( " <BR>\n" );
document.write( "So the required time to get $270 as simple interest on $1200 @ 5%is 4years and 6months. </SPAN>\n" );
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