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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?

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?
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3 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 Jessyca
by
7.9k points

2 Answers

5 votes

Answer:

5 years

Explanation:

i got it right on ttm

User Dugan
by
8.0k points
5 votes

Answer:

5 years

Explanation:

2.5% of 4000 is 100

User Divyanshm
by
8.7k points
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