0Claudia0 0Claudia0

27-05-2015
Mathematics

Answered

SIMPLE INTEREST

You want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long must you invest that money to earn $500 in interest?

1.25 years

2.5 years

5 years

20 years

Verified Answer :

Shadowolf Shadowolf

27-05-2015

The answer would be 5 years. I=PxRxT.

Answer Link

JK054192 JK054192

14-04-2020

Answer:

5 years

Step-by-step explanation: I got it right on ttm :)

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