Respuesta :

SOLUTION:

Case: Simple Interest

Method:

Simple Interest, I

[tex]\begin{gathered} I=PRT \\ Hence \\ T=\frac{I}{PR} \end{gathered}[/tex]

Where

P= $500

R= 7.5% or 0.075

I= $225

Therefore, Time T

[tex]\begin{gathered} T=\frac{225}{500\times0.075} \\ T=6 \end{gathered}[/tex]

Final answer:

6 years

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