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

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

Mandy bought a purse and a pair of boots for $96. The pair of boots cost twice asmuch as the purse. What was the difference in price between the pair of boots a

Identify the center and radius of a circle with equation (x-5)^2+(x+3)^2=25 A-center at (5,-3) ;radius :25 B-center at (5,-3) ; radius : 5 C-center at (-5,3) :

What is the algebraic expression for "the difference between eleven times a number and four"?

I need help big time

Under the constitution of the united states, you may not be deprived of life, liberty, or property, without a. being suspected of a crime. b. being charged wi

While saving for a rainy day, you decide to put aside 10 percent of your take-home pay into a savings account (that pays NO interest) at a local credit union (b

what is the area of a kitchen floor that measures 15 1/4 feet by 13 3/4 feet

I really need help with 1 and 2 please help me

What did the allies strategy of island hopping in the pacific involve?

What two factors influence blood glucose concentration?