cthompson1559 cthompson1559
  • 04-04-2018
  • Mathematics
contestada

You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?

Respuesta :

Belfium
Belfium Belfium
  • 04-04-2018
I = PRT
500 = 4000 * 0.025 * t
500 / 4000 * 0.025 = t
5 = t

therefore, it will take 5 years to earn $500 interest

Answer Link

Otras preguntas

Spell "ghost" out loud.then spell "most" out loud.then spell "roast" out loud.what do you put in a toaster
21=cd+e solve for d ( please help!!)
What does it mean when someone says something is their aesthetic?
15 pts The emotion of elevation generally occurs when __________ helpful behaviors. A. performing B. witnessing C. discussing D. considering
How do you solve this question-5 - 9 - 13
Evaluate the expression when y = 2. 4 + y + 7 A.13 B.15 C.18 D.22 ;)
Explain why the phrase in this sentence is nonrestrictive, or nonessential to the sentence: My youngest brother, Julian, is already taller than I am
Why is it so ironic that the proles get so outraged by a shortage of cooking pots?
what is the radius for 439.6 circumference
True or false? funding that comes from the federal government to the state government is referred to as horizontal funding.