Ask Question
4 February, 01:38

A principle of $20,000 is invested at $6.25 and earns $10,000 simple interest how long has the money been invested

+2
Answers (1)
  1. 4 February, 01:49
    0
    1600

    Step-by-step explanation:

    Assuming $6.25 is the interest earned annually,

    Let n be the no. of years

    Then,

    6.25 * n = 10000

    n = 10000/6.25

    n = 1600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A principle of $20,000 is invested at $6.25 and earns $10,000 simple interest how long has the money been invested ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers