cleanroach81 cleanroach81

21-12-2019
Mathematics

contestada

You want to put $2500 in a simple interest account. it has 4% Annual interest rate how long will it take you to earn $200 in interest?

Respuesta :

tinyelephant333 tinyelephant333

21-12-2019

Answer:

2 years

4% of 2500 is 100

So 100x2 years would be 200

Answer Link

devishri1977 devishri1977

21-12-2019

Answer:

Step-by-step explanation:

SI = PRT/100

$200 = 2500 * 4*T/100

200 *100 / 2500 *4 = T

T = 200 * 100 /2500*4 = 2

T = 2 years

Answer Link

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