How many years would it take a $5,000 investment to reach $7,500 at an 8% interest rate?

asked Jan 25, 2023 206k views

20 votes

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13 votes

Answer:

18.75 years

Explanation:

first multiply the amount to the rate

5,000 × 8% = 400

second

7,500/ 400 = 18.75

it takes 18.75 to reach 7,500

Nacnudus answered Jan 28, 2023

5.7k points

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