Answer:
7 years.
Step-by-step explanation:
Total interest = 3150.
I =PRT/100
3150 = 5000* 9 * t / 100
450t = 3150
t = 7.
Answer:
Step-by-step explanation:
A=P(1+rt) where A=amount, P=principle, r=rate, and t=time
t=(A/P-1)/r
t=((8150/5000)-1)/(0.09)
t=7 years
