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

Find the Roots of the quadratic equation. 2x2 + 7 – 30 = 0

g Type I diabetes is caused by destruction of the beta cells of the pancreas, the cells that produce insulin. In most cases, the beta cells are destroyed by an

How did the frameshift change the amino acids? Please it’s due today

What is the difference between Gravitational Potential Energy and Potential Energy?

2. What benefits do each food group provide?

n - 6 > -4 or 2n - 9 < -13

In wintry conditions, highway safety is improved by treating road services with substances that will provide traction and/or melt snow and ice. Sand and rock sa

Can somebody give me the answer

The question is down below.

Reynaldo likes that this method of payment allows him to transfer money from his account into his long-term savings account without having to leave his home. ca