Answered

Use I = PRT to solve.
(time is in years)
1 = $270,000
P = $150,000
R = 12%
Find T.

Use I PRT To Solve Time Is In Years 1 270000 P 150000 R 12 Find T class=

Answer :

Answer:

Time T = 15 year

Step-by-step explanation:

Given:

Interest I = $270,000

Principal P = $150,000

Rate R = 12% = 0.12

Find:

Time T

Computation:

I = PRT

270,000 = (150,000)(0.12)(T)

270,000 = (18,000)(T)

Time T = 15 year

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