¿Qué tiempo será necesario para que $ 2.340.260 se conviertan en $3.393.377 al 1,25% de interés simple mensual?

The right solution is "36 years".

Step-by-step explanation:

Given:

Principle,

P = $2,340,260

Amount,

A = $3,393,377

Simple interest,

SI = 3,393,377 - 2,340,260

   = $1,053,117

Rate of interest,

r = 1.25%

As we know,

⇒

By substituting the values, we get

⇒

⇒

⇒              

⇒