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2 answers:
Answer:
Step-by-step explanation:
4% of $2500 is 100. So, each year he earns $100 from interest, which means 100(interest) * 5(years) = 500.
I hope this helps! Have a nice day and please mark me as brainliest!!
~abelxoconda
ANSWER
It will take 5 years.
EXPLANATION
The simple is calculated using the formula;
Solve for T,
We substitute
The principal
P=$ 2500
Interest
I= $500
Rate percent
R%=4%
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