Question 1206995
Suppose you invested $1000 at a 7.1% simple annual interest rate. You have accumulated $1100 in your savings account at the end of a certain length of time.
How long, in years, was your money invested?

Given

Principal $ 1000

rate of interest = 7.1%

Amount = $1100

Time(n) =  years


Interest = Amount - Principal
1100-1000= 100

Simple interest formula

SI = P*n*r

100 = 1000 * n *0.071

100/(1000*0.071) =n

Number of years = 1.41 (rounded off)