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SIMPLE INTEREST 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 interest? 1.25 years 2…

SIMPLE INTEREST 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 interest? 1.25 years 2…
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2 votes
SIMPLE INTEREST

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 interest?

1.25 years


2.5 years


5 years


20 years

asked
User Teki
by
7.6k points

2 Answers

2 votes

Answer:

5 years

Step-by-step explanation: I got it right on ttm :)

answered
User Manveru
by
8.2k points
1 vote
The answer would be 5 years. I=PxRxT.
answered
User Gkamal
by
8.8k points
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