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

why did british colonies in the south have the greatest number of slaves
What are the electrons is the outer shell of an atom called? What charge will elements in Group 2 form when they are involved in an ionic bond?
Ross needs to buy a countertop for a laundry room. He calculated the area to be 12 square feet. The actual area is 11.8 square feet. What is Ross's percentage e
the shaded rectangle shown below is a scale drawing of a rectangle whose area is 288 scale feet. what is the scale factor of the drawing?
PLEASE HELP ME Color corresponds to the ______________ of light waves. wave speed cycles wavelength
n the F2 generation of Mendel’s crosses, all plants had the dominant trait. half of the plants had the dominant allele. all plants had both the dominant and rec
Which of these events took place in the United States during World War I? internment of German-Americans passage of laws favoring union organization Supreme
How often does oxygen cycle through the atmosphere?
Isotopes of uranium are the most common fuel used in nuclear power plants. True/ False
9x-2y=19 7x=21 can you please help me answer this question