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

Which of the following is not an advantage that attractive people enjoy in interpersonal relationships? A. being perceived as more popular B. being perceived as
What was Montz’s life like in military camp?
What is the Point - Slope Form of a Line With Slope 6 that Contains the Point ( 1 , 2 ) ?
What is the historical context of the cross of gold speech
Were the actions of the American Nazis in the story below protected under the First Amendment? Why? Members of the American Nazi Party marched through Skokie,
Science A. is truth B. attempts to answer questions we have based on our observations C. is the answer to all questions D. relies heavily on beliefs and opinion
In which direction would you travel to get from hoeryong to Wonsan North Korea
Question: Please help me answer D and E. 1. A Farmer is planning to fence in a rectangular parcel of grassy land for his sheep pasture. The length of the pastur
How do I do surface area I'm so confused
How do you tell different 3-d polygon shapes