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you want to put 2000 in a simple intrest account. it has 2.5 annual intrest rate. how long will it take you to earn 500 in intrest?
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3 votes
you want to put 2000 in a simple intrest account. it has 2.5 annual intrest rate. how long will it take you to earn 500 in intrest?

User Dprevite
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1 Answer

4 votes
Interest = PRT /100

500 = 2000*2.5*T / 100
5000T = 50,000
T = 50,000 / 5000 = 10 years
User Piyas De
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