Question 125268
{{{A = P(1 + r*t)}}}
{{{579 = 300(1 + .062*t)}}}
{{{579 = 300 + 18.6t}}}
{{{18.6t = 279}}}
{{{t = 15}}} years answer
At the end of each year with simple interest I have:
1st year: $300 + 1*.062*300
2nd year  $300 + 2*.062*300
3rd year  $300 + 3*.062*300
etc.
So the general formula is
A = P(1 + rt)
check answer
{{{579 = 300(1 + .062*t)}}}
{{{579 = 300 + 300*.062*15}}}
{{{579 = 300 +279}}}
{{{579 = 579}}}
OK