you deposit $200 in account earning 3.5% simple interest. How long will it take for the balance of the account to be $221?

Respuesta :

Answer:

required time=3 year

Step-by-step explanation:

simple interest=[tex]\frac{P\times R\times T}{100}[/tex]

where P=principle

          R=rate of interest

          T=time

totel amount=principle+interest

interest=totel amount-principle

interest=$221-$200=$21

ac/ques, 21=[tex]\frac{200\times 3.5\times T}{100}[/tex]

21=[tex]7\timesT[/tex]

T=3 year

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