Question

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 earn $500 in iterest?

Answer 1

That would be 2500 divided 4

Then add $500

Answer 2

Answer:

5 years

Step-by-step explanation:

2500 x 0.04 = 100

500/100 = 5