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

how long does it take robinson to plan his escape? a. 6 months b. 1 yr c. 2 yrs d. 3 yrs
1) if the molecule glucose were broken down, would it provide all of the elements needed to assemble lipids, nucleus acids or proteins? Explain. 2) Do sugar mol
Which facet of the 4e framework is best addressed by thought-sharing sites?
what plant requirement is the Cusichaca Andina group working to preserve
Please help me with this
Suppose you live in the united states and you see a crescent moon in your evening sky tonight. What will a friend in south america see tonight? Your friend will
A beaker contains 0.42 L of water. The beaker’s volume Is ___milliliters.
What are two effects of the command economy in the Soviet satellite states?
High level items in a wbs are broken down or _______ into smaller tasks.
High flyer, inc., wishes to maintain a growth rate of 16 percent per year and a debt-equity ratio of 0.90. the profit margin is 4.8 percent, and total asset tur