dipietrolucia261 dipietrolucia261
  • 05-07-2017
  • Mathematics
contestada

How long will it take to earn $568.75 in interest if $2500 is invested at a 6.5% annual interest rate

Respuesta :

purplechessnut
purplechessnut purplechessnut
  • 05-07-2017
3.5 years (so 4 years)
2500×0.065 (this gets the amout earned per year) =162.5
568.75÷162.5 (how many years to get the desired amount) =3.5
Answer Link
wikk
wikk wikk
  • 05-07-2017
I = Prt
568.75 = 2500(0.065)(t)
568.75 = 162.5(t)
3.5 = t

It will take 3.5 years to earn $568.75 in interest
Answer Link

Otras preguntas

what is the currency used by each of these countries
How does one find the equation y=ax²+bx+c when you are only provided with the coordinates of the turning point, (-6,-9)? Note: a is +1 or -1
The child, hoping to sneak downstairs without being detected to find himself a late night snack. Fragment or Sentence ?
When you jump vertically off the ground, when you reach your highest point your velocity is zero and your acceleration is zero?
If 20% is 3.5, what is 100%?
9 is what percent of 16
PLEASE HELP ME BREAK DOWN THIS QUESTION! What tools and technology make you a more productive student?
The junction where one neuron can transfer an impulse to another structure is called a(n)
Describe the relationship between ABC and DEF? Check all that apply. A. Proportional side lengths B. Same size C. Congruent D. None of the above
The filamentous water molds are no longer classified with the true fungi because quizzlet