21lwhiti
21lwhiti 21lwhiti
  • 01-02-2017
  • Business
contestada

you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in interest?

Respuesta :

ddd21
ddd21 ddd21
  • 11-02-2017
It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year
Answer Link

Otras preguntas

What is the slope of any line parallel to the line 8x + 9y = 3 in the standard (x,y) coordinate plane?
A circular pool is ten feet in diameter and five feet deep. What is its volume, in cubic feet?
What are abiotic factors of the enviroment lynx
If ab = 10 and a2 + b2 = 30, what is the value of (a + b)^2?
Can someone please help me ?
What were some events/things that caused the Great Depression?
A flight instructor charges $50 per lesson, plus an additional fee for the use of his plane. The charge for the use of the plane varies directly with the square
A tree was chopped down and cut up in a local forest.The tree changed in shape.What kind of change took place?A.chemical changeB.physical change C.phase changeD
Why does Louis XIV want to expand France's border?
A flight instructor charges $50 per lesson, plus an additional fee for the use of his plane. The charge for the use of the plane varies directly with the square