f your initial investment is $312.50 and you want to accumulate $300 in interest, I = Prt

Question

Bank of Money advertises an interest rate (in decimal form) of 

0.1

. If your initial investment is 

$312.50

 and you want to accumulate 

$300

 in interest, how many years do you need to invest?

I = Prt

Answer 1

did this a fyu minuts ago

start $=312.5

10% interest

yu want simpel interest tu add up tu 300$

interest per yeer=10%*312.5=31.25

yeers=300/31.25=9.6