SIMPLE INTEREST You want to put $2,500 in a…

Discussion in 'Mathematics' started by Apkhayp, Jun 5, 2017.

  1. Apkhayp

    Apkhayp New Member

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    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
     
  2. Kevinbui

    Kevinbui New Member

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    The answer would be 5 years. I=PxRxT.
     

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