Register
You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?
62.2k views
13 votes
You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?

User Jonathan Cross
by
7.7k points

2 Answers

12 votes

Answer:

5 years

Explanation:

Good luck!!

User PRAJIN PRAKASH
by
7.3k points
9 votes

Answer:

5 years

Explanation:

use the I = Prt simple interest formula

You want to put $4,000 in a simple interest account. It has a 2.5% annual interest-example-1
User Dnaranjo
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.7m questions

10.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!