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Mrs. Jones wants to know how long it will take an investment of $500 to earn $150 in interest if the yearly interest rate is 5.5%, paid at the end of each year.

Mrs. Jones wants to know how long it will take an investment of $500 to earn $150 in interest if the yearly interest rate is 5.5%, paid at the end of each year.
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Mrs. Jones wants to know how long it will take an investment of $500 to earn $150 in interest if the yearly interest rate is 5.5%, paid at the end of each year.

User John Strickler
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2 Answers

10 votes

Answer:

big brain math is hard

Explanation:

User RayInNoIL
by
8.9k points
10 votes
I believe it would take 5 and a half years when you round it
User Vlad Povalii
by
8.5k points
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