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

PLEASE HELP!!! Given the function f(x)=(x+1)(x-3) a) What are the x-intercepts? b)What is the axis of symmetry? c)What is the vertex?
Select the correct answer. mega M 10 6 1,000,000 kilo k 103 1,000 hecto h 102 100 deka da 10 1 10 deci d 10–1 0.1 centi c 10–2 0.01 milli m 10–3 0.001 micro µ 1
how many numbers do y’all see? add them all together- once u have found them all.
Try this experiment with your family or group of friends. Stare at the ceil- ing continuously for a time. Do other people start to look up at the ceiling also?
kamari opens a bank account with 250 five weeks her account balances 800 what was the average rate of change of her account balance in dollars per week
Are there any more cookies in a jar
Why had Ariana repeatedly declined Marcus's requests to sell her artwork?​
Find a poem or lyrics to a song that addresses an individuals' personal struggle or a general look at one of the following topics. Eating Disorders andor Body
Simplify (3/4)^6÷(3/4)^3
When a river flows over time, it may leave a deep groove with tall sides called a(n)? Possible answers in photo.