Compute the specified quantity The simple Interest on a 100
     Compute the specified quantity.  The simple Interest on a $ 1,000 loan at 10% per year amounted to $ 900 At what time t did the loan mature?  t =  yr. 
  
  Solution
given,
P=$1000
r = 10 %
now , required amount ,A = $900
we have the formula simple interest,
A=Ptr/100 (r should be in %)
900 = 1000*t*10/100
900= 100*t
t = 9 years
therefore, after 9 years, loan matures

