Question

In how many years will $ 17600 amount to $ 29700 at 12 1/2% Simple Interest.​

Answer 1

Answer:

5 years 6 months

Step-by-step explanation:

SI = PTR/100

SI = $ 29700 - 17600

= $ 12100 = PTR/100

$ 12,10,000 = (17,600 * T * 12.5)

12100 = (176 * 12.5 * T)

12100 = 2200 * T

121 = 22 * T

T = 5 years 6 months

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Answer 2

Answer:

5.5 years

Step-by-step explanation:

SI ×100/P×R=T

12100×100/12.5×17600 (after calculations)

5.5 years