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?
2 answers:
Answer:
2 years
4% of 2500 is 100
So 100x2 years would be 200
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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