SOLUTION: How many months are required for $1500 to grow to $1770 at 12% simple interest

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: How many months are required for $1500 to grow to $1770 at 12% simple interest      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 945207: How many months are required for $1500 to grow to $1770 at 12% simple interest
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
270=1500*0.12*t
270/180=t
t=1.5 yrs