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

5/4 = equals what like I need an answer
Which of the following are equivalent to 80 1/2
young williw sapkings were grabbed up before they could delvelip into sturdy trees
Choose the correct characteristics of a ballad from the list below. Select all that apply. The rhythm is typically made up of two stressed and two non-stressed
If the Mustangs, the Braves, the Bulldogs, the Huskies, and the Vikings are playing in the same sports league, in how many different orders can they finish thei
HelpppppppPpPpppPppppppp
Read the claim for an argumentative essay. Caesar Augustus had the greatest influence on the Roman Empire because he created peace in the region. What evidence
Evaluate the expression when a=−15 and b=−5.
Need to know about the last emperor movie
Write an equation that represents the line. Use exact numbers (i will mark you brainliest)✅