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

What diagram can represent set relationships visually?

Which characteristics do cell membranes and cell walls have in common?

Salid bought 35 feet of window trim at a hardware store. The trim cost $1.75 per foot, including sales tax. If salid paid with a $100.00 bill,how much change sh

Jason is saving up to buy a digital camera that cost $490. So far he has saved $175. He would like to buy the camera 3 weeks from now. Write an equation and sol

9 is 3% of what number

All integers are whole number true or false

Reid ate 1/4 if pie, joe ate 1/3 of pie. How much was left after they both ate their pieces

Write a 3-digit number using the digits 5,9,and 2.then write your number using words

If a robin builds a nest in a big tree, the robin benefits and the tree is not helped or harmed. This type of symbiotic relationship is called commensalism, and

Your middle school has 900 students one third of the students bring their lunch instead of buying your lunch at school what is the value of the ratio of the num