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2 years ago

12

you want to put 2000 in a simple intrest account. it has 2.5 annual intrest rate. how long will it take you to earn 500 in intre

st?

1 answer:

mash [69]2 years ago

5 0

Interest = PRT /100

500 = 2000*2.5*T / 100
5000T = 50,000
T = 50,000 / 5000 = 10 years

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