Given the formula for simple interest:
1. Identify the principal, interest rate, and interest:
P = 3005
r = 0.36
I = 3000
2. Substitute these values into the formula:
t = \frac{I}{P \cdot r}
3. Calculate the time:
t = \frac{3000}{3005 \cdot 0.36}
4. Compute the result:
t\approx2.77\text{ years}
So, the answer is t\approx2.77\text{ years}