Santi4572 Santi4572

01-09-2021
Mathematics

contestada

You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must you leave the money in the account to earn $500 in interest?

Respuesta :

masojeanthony379 masojeanthony379

02-09-2021

Answer:

6.25YEARS

Step-by-step explanation:

S.I.=P×R×T÷100

T=S.I.×100÷P×R

T=500×100÷2000×4

T=500÷20×4

T=500÷80

T=6.25 YEARS

Answer Link

Otras preguntas

Solve any method: 9x^2+9x=4?? PLEASE I DONT WANT A LONG ANSWER THAT WOULD CONFUSE ME IF YOU CAN GET TO THE POINT THANKS

Find the new amount. 8 meters increased by 25% ?

When an object moves in a circle, ___ acts to accelerate the object toward the center of that circle

what is three fiths of 45

Which of the following most directly caused the decline in the Cretan and Mycenaean civilizations

An important effect of the Magna Carta on English government was that it

How did Enlightenment thinkers approach the study of government?.

what is the slope-intercept form for the equation y-10=3/5(x-5)

Why does the Nile river no longer overflows its banks?

What is the volume of a cone that has a height of 7 mm and a radius of 3 mm? Use 3.14 to approximate pi and round the answer to two decimal places if necessary.