It will take 2 years.

Year 1 :
4% 2.5k = 2.5k/100 × 4 = $100 in interest

$2.5k + $0.1k = $2.6k

Year 2 :
4% 2.6k = 2.6k/100 × 4 = $104 in interest

$100 + $104 = $204 > $200

There may be a simpler way to solve this using a formula for example, but I just solved this step by step. Please feel free to ask if you have any questions

7 0

2 years ago

Q6) Renee buys 5kg of sweets to sell. She pays £10 for the sweets. Renee puts all the sweets into bags. She puts 250g of sweets

My name is Ann [436]

Answer:

30% percent profit

Step-by-step explanation:

100 pence in a pound.

1000 grams in a kilogram.

She bought 5000g of sweets.

She pays 10×100=1000 pence.

She put them into 5000÷250=20 bags.

She sells the bags for 65 pence each.

She sells them all for 20×65=1300 pence.

She gets a profit of 300 pence or 3 pounds.

She gets a percent profit of 30%.

3 0

2 years ago

Mario invested $6,000 in an account that pays 5% annual interest compounded annually how much will be there after 2.5 years

Liono4ka [1.6K]

Answer:

$48,000

Step-by-step explanation:

$i = \frac{p \times r \times t}{100 } \\ 6000 = \frac{p \times 5 \times 2.5}{100 } \\ 600000 = 12.5 \\ 48000$

6 0

2 years ago

BaLLatris [955]

<h3>Answer:</h3>

x=30

<h3>Solution:</h3>

First, use the distributive property:
8x-3(2x-4)=3(x-6)
8x-6x+12=3x-18
Simplify:
2x+12=3x-18
2x-3x=-12-18
-x=-30
x=30

Hope it helps.

Do comment if you have any query.

8 0

1 year ago