Answer:
t=6
Step-by-step explanation:
Simple Interest(I) = $1944
Principal Amount(P) = $8100
Rate(r) = 4%
We need to calculate the value of Time(t).
Simple Interest(I) = [tex]\[\frac{P*r*t}{100}\][/tex]
Substituting the values:
[tex]1944 = \frac{8100 * 4 * t}{100}[/tex]
[tex]=>1944 * 100 = 8100 * 4 * t[/tex]
[tex]=> t = \frac{1944 * 100}{8100*4}[/tex]
[tex]=> t = 6[/tex]
So the required time period is 6 years.
