0Claudia0
Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

SIMPLE INTEREST

You want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long must you invest that money to earn $500 in interest?

1.25 years


2.5 years


5 years


20 years

Sagot :

Shadowolf
The answer would be 5 years. I=PxRxT.
JK054192

Answer:

5 years

Step-by-step explanation: I got it right on ttm :)

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.