A sum of 6,400, accumulated to 9,280, in a certain period. If the rate

1.	A sum of 6,400, accumulated to 9,280, in a certain period. If the rate of simple interest is 9%, find the period.
Answer» ong>ANSWER: TIME = 5 years Step-by-step explanation: P = 6400 A = 9280 I = Amount - P = 9280 - 6400 = 2880 R = 9% ∵ I = ( P × T × R)/100 ⇒ T = ( I × 100 ) / ( P × R ) = ( 2880 × 100 )/( 6400 × 9) = 5

A sum of 6,400, accumulated to 9,280, in a certain period. If the rate of simple interest is 9%, find the period.

Answer»

ong>ANSWER:

TIME = 5 years

Step-by-step explanation:

P = 6400

A = 9280

I = Amount - P = 9280 - 6400 = 2880

R = 9%

∵ I = ( P × T × R)/100

⇒ T = ( I × 100 ) / ( P × R ) = ( 2880 × 100 )/( 6400 × 9) = 5

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A sum of 6,400, accumulated to 9,280, in a certain period. If the rate of simple interest is 9%, find the period.​

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A sum of 6,400, accumulated to 9,280, in a certain period. If the rate of simple interest is 9%, find the period.