Answer:
6 years
Step-by-step explanation:
Here,
[tex]I=60[/tex]
[tex]P=200[/tex]
[tex]R=0.05[/tex]
and we need to find [tex]T[/tex].
So using the formula [tex]I=PRT[/tex], we can find T by substituting the values
[tex]60 = (200)(0.05)T[/tex]
[tex]60=10T[/tex]
[tex]T=\frac{60}{10} = 6[/tex] years
