Question

Neeeeeeeed answerrrrtrttt

Answer 1

Answer:

Step-by-step explanation:

4% of $2500 is 100. So, each year he earns $100 from interest, which means 100(interest) * 5(years) = 500.

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Answer 2

ANSWER

It will take 5 years.

EXPLANATION

The simple is calculated using the formula;

$I= \frac{PRT}{100}$

Solve for T,

$100I=PRT$

$T = \frac{100I}{PR}$

We substitute

The principal

P=$ 2500

Interest

I= $500

Rate percent
R%=4%

$T = \frac{100 \times 500}{2500 \times 4}$

$T = 5$