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

in the giver what happened when jonas looked across the crowd​
A pool in the shape of a rectangular prism is being filled with water. The length and width of the pool is 24 feet and 15 feet. If the height of the water in th
Find the circumference of a circle thats diameter is 6 m
How did martin luther king jr provide a model for later civil rights movements
A 62.0 kgkg skier is moving at 6.90 m/sm/s on a frictionless, horizontal, snow-covered plateau when she encounters a rough patch 4.50 mm long. The coefficient o
What accusations does Senator Joseph McCarthy make in this telegram to President Truman?
What is the sample space for choosing an odd number from 1 to 11 at random
Monochromatic light of wavelength 491 nm illuminates two parallel narrow slits 6.93 μm apart. Calculate the angular deviation of the third-order (for m = 3) bri
What is the slope of y=−1+3xy=-1+3x y=−1+3x y, equals, minus, 1, plus, 3, x ?
Give three examples of government control over the factors of production in