How much time will a $500 investment need to earn $100 in interest at a rate of 10% per year?

asked Aug 20, 2017 202k views

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1 vote

I = prt
t = I/pr
r = 10% = 10/100 = 0.1

t = 100/(500 x 0.1) = 100/50 = 2
t = 2 years.

Aca answered Aug 26, 2017

by Aca

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