Question

In what time will $ 200 amount to $ 270 at the rate of 5% p.a. simple interest?

Answer 1

Answer:

7 years

Step-by-step explanation:

kindly see the attachment for explanation

Answer 2

Answer:

7 years

Step-by-step explanation:

Principle = 200

Amount = 270

A = SI + P   so,

SI = A - P

   = 270-200

   = 70

now....   T = SI * 100/P*R

                 = 70*100/200*5

                  = 7000/1000

                  = 7/1 = 7 years