Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

asked Sep 5, 2018 147k views

3 votes

8.2k points

Please log in or register to add a comment.

2 votes

Answer:

20,000

Explanation:

;)

William Tell answered Sep 6, 2018

8.3k points

2 votes

rate x amount x time= interest
(5×x×10)÷100=1000
50x=100000
x=1000000÷50
x=20000 dollars

ans=$20000
hope it helped

Bawa answered Sep 11, 2018