SOLUTION: How long will it take to $680 to earn $102 in simple interest at an annual interest rate of 3%?.

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: How long will it take to $680 to earn $102 in simple interest at an annual interest rate of 3%?.      Log On


   



Question 359477: How long will it take to $680 to earn $102 in simple interest at an annual interest rate of 3%?.
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
I = p*r*t
I=102
p= 680
r= 3% = 0.03
102/(680*0.03)=t
t = 5 years
...
m.ananth@hotmail.ca