Answer: 6 years
Step-by-step explanation:
The formula for the Simple interest is given as: = PRT
Since we've been given some values already, we slot it into the formula and this will be:
Interest = PRT
78.12 = 217 × 6% × T
78.12 = 217 × 0.06 × T
78.12 = 13.02T
T = 78.12/13.02
T = 6
Time = 6 years
