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Mr.Gardener wants to have an annual interest of $1000.0. If the annual interest rate is 5%, how much money should he invest?

Mr.Gardener wants to have an annual interest of $1000.0. If the annual interest rate is 5%, how much money should he invest?
asked 4.6k views
3 votes
Mr.Gardener wants to have an annual interest of $1000.0. If the annual interest rate is 5%, how much money should he invest?

asked
User Kikuko
by
8.4k points

1 Answer

5 votes

Answer:

20,000

Explanation:

1,000/ 5% = 20,000

answered
User Jon McAuliffe
by
8.3k points
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