SOLUTION: how many years will it atke $6000 invested at 8% interest to earn $1680

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Question 6250: how many years will it atke $6000 invested at 8% interest to earn $1680
Answer by theflu(4) About Me  (Show Source):
You can put this solution on YOUR website!
Assuming this is simple interest:
I = Prt (interest = principle x interest rate x time)
In your question
I = 1680
P = 6000
r = 0.08
t = ?
I = Prt
1680 = (6000)(0.08)(t)
1680 = 480t
t = 1680/480
t = 3.5 years