Question

Mrs bwalya invested k860.00at the rate of 7%simple interest per annum .after how many years is the interest going to be k301.00?

Answer 1

Answer:

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Step-by-step explanation:

given,

intrest=301.00

principal =860.00

rate=7%

we know,

SI=PRT/100

301.00=860.00×7×TIME/100

TIME=301.00×100/860.00×7

TIME=5 Years