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

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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) About Me  (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) About Me  (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: highlight_green%28matrix%281%2C2%2C+3%2C+years%29%29