21lwhiti 21lwhiti

01-02-2017
Business

Answered

you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in interest?

Verified Answer :

10-02-2017

It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year

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