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Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?
asked 147k views
3 votes
Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

asked
User Supasate
by
8.2k points

2 Answers

2 votes

Answer:

20,000

Explanation:

;)

answered
User William Tell
by
8.0k points
2 votes
rate x amount x time= interest
(5×x×10)÷100=1000
50x=100000
x=1000000÷50
x=20000 dollars

ans=$20000
hope it helped

answered
User Bawa
by
7.6k points
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