rachaelmorozov rachaelmorozov

29-05-2019
Mathematics

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SaniShahbaz SaniShahbaz

29-05-2019

Answer:

t = 0.93 years

Step-by-step explanation:

Simple interest: I = prt

Given:

Interest(I)= $900, Investment(p) = $21,000, Rate(r) = 4.6% = 0.046

900 = 21000 × 0.046 × t

900 = 966 × t

[tex]\frac{900}{966}[/tex] = t

t = 0.93 years

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