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2 years ago

6

You want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long must you invest that money to ea

rn $500 in iterest?

2 answers:

lora16 [44]2 years ago

8 0

That would be 2500 divided 4

Then add $500

Mars2501 [29]2 years ago

6 0

Answer:

5 years

Step-by-step explanation:

2500 x 0.04 = 100

500/100 = 5

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