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### Grade 8 - Mathematics9.27 Simple Interest - III

 Example: P = \$27,600, I = \$2484 and R = 3%, then find the time. Solution: Formula I = PTR/100 Where I = Interest, P = Principal, T = Time and R = Rate or interest. Therefore: T = (I*100)/(PR) Substituting the given values in the above formula. T = (2484 * 100) / (27600 * 3) T = 248400 / 82800 T = 3 years. Directions: Solve the following problems. Also write at least ten examples of your own.
 Q 1: P = \$51,600, I = \$7,740 and R = 5% then find Time.3years2 1/2years2years3 1/2years Q 2: P = \$21,900, I = \$2,190 and R = 5% then find Time.2years3years3 1/2years2 1/2years Question 3: This question is available to subscribers only! Question 4: This question is available to subscribers only!

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