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

Based on the context of each sentence, choose the word that most closely matches the denotation of the word in quotations. Tiles denounce quaint nuance inclinat
having trouble with this
Fungi are not considered plants because They have cell walls They contain pigments They cannot make their own food They have roots
point M(4,3) is translated according to the rule (x,y,) to (x + 2,y -5
Help me please! thanksss
In the case avery v. midland county, the u.s. supreme court held that
if the area of a triangle is 6.22sq. in. and its base is 3.11in, write an equation that relates the area to the height h and the base. solve the equation to det
Where in a compare-and-contrast essay would you put the following paragraph?As you can see, it's all about choice. Teeny-bopper pop has a sugary quality that ap
Replacement of damaged and worn-out cells in an organism can happen as a result of ?
what is the highest kinetic energy between a car, bicycle, bus ,or a motorcycle?