Question

if you received $175.84 on $314 invested at the rate of 7% how long did you invest the principle?​

Answer 1

Principal amount is $314

Interest is 7%

Then,by the formula...

$\sf I=\frac{PRT} {100} \\\\\sf</p><p>175.84=\frac{314 x 7x t} {100} \\\\\sf</p><p>175.84=\frac{2198x t} {100} \\\\\sf</p><p>17584=2198xt \\\\\sf</p><p>t=\frac{17584} {2198} \\\\\sf</p><p>t=8 units(it \:can\: be\: years, \:months \:or \:days) </p><p>$