Question

SIMPLE INTEREST

You want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long must you invest that money to earn $500 in interest?

1.25 years


2.5 years


5 years


20 years

Answer 1

5 years

Step-by-step explanation: I got it right on ttm :)

Answer 2

The answer would be 5 years. I=PxRxT.