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

this is my background on my computer do u like it
Explain the term “neuromagic”.
*sigh* I just cant yall
How dose an unstable goverment have an impact on the natural resource and economice of nation?
Which of the following choices represents elements with the most similar chemical properties. * N, OF F, CI, Br
which one of the numbers is not written in scenintific notation A: 0.1 x 10 to the 3rd power B: 3.2 x 10 to the 3rd power C: 2.1 x 10 to the second power D: 5 x
Read this excerpt from The Call of the Wild by Jack London. What does the excerpt reveal about the historical context of the story? The next he knew, he was dim
Ms. W has 400 followers on Twitter and is gaining 75 followers each day. Mrs. Hill has 1,000 followers on Twitter but is losing 25 followers a day. How many day
Please pass this on... ( #helpsavelives ) Who ever is reading this: I love u. U matter. The world needs u hang in there ik it may be bad but u deserve the world
What is the central idea (with evidence pls) of "Heads Up, Humans: Get Ready" by Claudia Alarcon?