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

what is an ecosystem, habitat, niche, and please don't delete
What were some of the methods used by management against workers?
The area of a square in square feet is represented by z² + 8z + 16.Find an expression for a side length ofthe square.Find the perimeter of the square when z=12.
if the hypotenuse of the triangle is named carrot, then how many walking frogs will you see on the sidewalk today?
Many adolescents go through family histories to discover their roots, or genealogy. What aspect of identity formation does this help an individual solidify
How many US senators are there? 5050 , , 200200 , , 100100 , , 25
A. Fragment: All the nurses The fragment is a: subject predicate
Graph the function with the following domain and range domain 0,1,2,3 and range -3,0,5
The graph of function g has x-intercepts at x = -1 and x = 3 and a y-intercept at y = -3. Select the graph that could model function g.
A 2000 kg car has a 40000 J of kinetic energy. How fast is it moving?