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alina1380 [7]
3 years ago
8

You want to put $2500 in a simple interest account. it has 4% Annual interest rate how long will it take you to earn $200 in int

erest?
Mathematics
2 answers:
marusya05 [52]3 years ago
4 0

Answer:

2 years

4% of 2500 is 100

So 100x2 years would be 200

Romashka-Z-Leto [24]3 years ago
3 0

Answer:

Step-by-step explanation:

SI = PRT/100

$200 = 2500 * 4*T/100

200 *100 / 2500 *4 = T

T = 200 * 100 /2500*4 = 2

T = 2 years

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