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23 April, 14:29

You want to put $2500 in a simple interest account. it has 4% Annual interest rate how long will it take you to earn $200 in interest?

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  1. 23 April, 14:47
    0
    2 years

    4% of 2500 is 100

    So 100x2 years would be 200
  2. 23 April, 14:50
    0
    Step-by-step explanation:

    SI = PRT/100

    $200 = 2500 * 4*T/100

    200 * 100 / 2500 * 4 = T

    T = 200 * 100 / 2500*4 = 2

    T = 2 years
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