SOLUTION: if using simple interest how much time will it take to earn 468.00 if you invest 1,200 at a rate of 6.5%

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Question 874189: if using simple interest how much time will it take to earn 468.00 if you invest 1,200 at a rate of 6.5%
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
I = P*r*t


468 = 1200*0.065*t


468 = 78*t


468/78 = t


6 = t


t = 6


It will take 6 years.