How long will it take to earn $568.75 in interest if $2500 is invested at a 6.5% annual interest rate
2 answers:
3.5 years (so 4 years)
2500×0.065 (this gets the amout earned per year) =162.5
568.75÷162.5 (how many years to get the desired amount) =3.5
I = Prt
568.75 = 2500(0.065)(t)
568.75 = 162.5(t)
3.5 = t
It will take 3.5 years to earn $568.75 in interest
You might be interested in
6x - 2x = 16
4x = 16 |divide both sides by 4
<h3>x = 4</h3>
Answer:
I do not understand this question
I’m sorry, but how do I see you’re recent questions? I’d love to help! However I have no clue how to find the questions.
Answer:
You flipped it so good it landed on tails 2 times
Step-by-step explanation:
Answer: 122?
Step-by-step explanation: i used a protractor (im not the best at that though but im 89% sure i'll be honest