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Anonymous Anonymous
  • 03-02-2017
  • Mathematics
Answered

Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

Verified Answer :

christinann062
christinann062 christinann062
  • 03-02-2017

$20,000

Because 1,000 divided by 5% = 20,000

Answer Link
mistycloudkitty13 mistycloudkitty13
  • 21-01-2020

Answer:

$20,000

Step-by-step explanation:

0.5%=0.05

1000/0.05=20,000

Answer Link

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