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

3. The doctor notices that Janet has long fingernails, and comments that fingernails grow at a rate (or speed) of 2.50 cm / year. Convert this speed to kilomete
In all, there are 52 blocks in the groups below. Each group is the same size. Which number sentence shows how to find the number of blocks in each group? 52x4 B
For a field trip 22 students rode in cars and the rest filled eight buses. How many students were in each bus if 286 students were on the trip?
If you pay $1.49 a pound for chicken and 2/3 of the weight is bone. How much are you paying per pound of meat?
What was the primary goal of the Indian Removal Act?
can someone talk to me because i am board.
Identify the correct statement regarding the mole. a. A mole of oxygen gas contains 6.02 1023 atoms. b. A mole of chlorine gas contains 2 6.02 1023 atoms. c. A
HELP! WILL GIVE 20 POINTS
YOUR PUTTING THE NUMBERS IN ORDER
LESSON 3: GREEK THINKERS, ARTISTS AND WRITERS What is direct democracy?