How long will it take to get $250 in interest if $2500 in invested at a 7% interest rate?

asked Aug 11, 2021 212k views

1 vote

6.0k points

Please log in or register to add a comment.

4 votes

Answer:

If it is an annual percentage rate: 8.4 months

Explanation:

2500 x .07 = 175

175 / 250 = .7 / 12months = 8.4 months

BillyTom answered Aug 16, 2021

5.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.9m answers