Register

You deposit $2500 in an account that earns 4% simple interest. How long will it be before the total amount is $3,000.

You deposit $2500 in an account that earns 4% simple interest. How long will it be before the total amount is $3,000.
175k views
0 votes
You deposit $2500 in an account that earns 4% simple interest. How long will it be before the total amount is $3,000.

User Sobo
by
8.8k points

1 Answer

3 votes
5 years because it is 4% a year

User Joran
by
8.1k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!