Answer:
2 years
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year,
then, solving our equation
t = 84 / ( 600 × 0.07 ) = 2
t = 2 years
The time required to
accumulate simple interest of $ 84.00
from a principal of $ 600.00
at an interest rate of 7% per year
is 2 years.
