Use the formula for simple interest, I = Prt, to find the indicated quantity. I= $150; P = $5000; r = 6%; t = ? t= year(s) (Simplify your answer. Type an integer or a decimal.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 29PPS
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Use the formula for simple interest, I = Prt, to find the indicated quantity.
I= $150; P = $5000; r = 6%; t = ?
t= year(s)
(Simplify your answer. Type an integer or a decimal.)
Transcribed Image Text:Use the formula for simple interest, I = Prt, to find the indicated quantity. I= $150; P = $5000; r = 6%; t = ? t= year(s) (Simplify your answer. Type an integer or a decimal.)
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