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

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 does methane have a low boiling pint?

How do I write 4.76325 as a fraction?

System of equations x-y-2z=4, -x+2y+z=1, x+y-3z=11. Solve by elimination

A basketball player achieves a hang time of 0.773 s in dunking the ball. What vertical height will he attain? The acceleration of gravity is 9.8 m/s^2 .

How do I graph f(x)= -cos(x-pi)?

what's bigger 60% of 90 or half of 100?

System of equations x-y-2z=4, -x+2y+z=1, x+y-3z=11. Solve by elimination

why is water so important in metabolism

Stem-and-Leaf Plots question: How many swimmers were younger then 30 Stem -- Leaf 0 1-- 1 2-- 3,9 3 --

Give a counter example to this statement. The quotient of two fractions between 0 and 1 is always a whole number.