SOLUTION: how long does it take a principal of $5600 to earn a simple interest of $1176 at 7%

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Question 844635: how long does it take a principal of $5600 to earn a simple interest of $1176 at 7%
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
t=I/Pr
t=1176/(5600*0.07)
t=3 yrs