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

Question

27-05-2015
Mathematics

Answered

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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 :

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