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22 June, 09:09

You want to put 2000 in a simple intrest account. it has 2.5 annual intrest rate. how long will it take you to earn 500 in intrest?

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  1. 22 June, 09:21
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    Interest = PRT / 100

    500 = 2000*2.5*T / 100

    5000T = 50,000

    T = 50,000 / 5000 = 10 years
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