Interest Calculation

Mutame

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May 16, 2020
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Seem to be stuck on the question:
Calculate how long it would take for $55 700 to grow into $86 335 at a simple interest rate of 11%.
 
Seem to be stuck on the question: Calculate how long it would take for $55 700 to grow into $86 335 at a simple interest rate of 11%.
What was the total interest earned?

What equation should be used to calculate simple interest?

Please show us what you have tried and exactly where you are stuck.

Please follow the rules of posting in this forum, as enunciated at:

https://www.freemathhelp.com/forum/threads/read-before-posting.109846/#post-486520

Please share your work/thoughts about this assignment.
 
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