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How many years will it take a $5000 investment reach $7500 at an 8 % interest rate?
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4 votes
How many years will it take a $5000 investment reach $7500 at an 8
% interest rate?

User Shagglez
by
8.7k points

1 Answer

5 votes
6 1/4 years
Because 8%•$5,000=$400
And $7,500-$5,000=$2,500
and 2,500/400=6.25
or 6 1/4 years.
Hope this helps!!
User Cube Drone
by
8.7k points
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