Tyler invests $4,200 dollars at 5% simple interest and collects $840 interest after x years. What is the value of x? 2 3 4

Question

Tyler invests $4,200 dollars at 5% simple interest and collects $840 interest after x years. What is the value of x?
2
3
4
5

in progress 0
Brielle 2 weeks 2021-09-10T13:08:52+00:00 1 Answer 0

Answers ( )

    0
    2021-09-10T13:10:20+00:00

    The value of x is 4

    Step-by-step explanation:

    The formula for simple interest is:

    Simple\ interest = P *r * t

    Here

    P is principal amount

    r is interest rate

    and t is the time in years

    We know

    Interest = $840

    Rate = r = 5%

    P = $4200

    Putting the values in the formula

    840 = 4200 * 0.05 * t\\840 = 210 * t\\t = \frac{840}{210}\\t = 4

    Hence,

    The value of x is 4

    Keywords: Simple interest

    Learn more about simple interest at:

    • brainly.com/question/6703816
    • brainly.com/question/6698921

    #LearnwithBrainly

Leave an answer

Browse
Browse

27:3+15-4x7+3-1=? ( )