rockjacob1121 rockjacob1121
  • 16-12-2020
  • Mathematics
contestada

How long will it take to get $250 in interest if $2500 in invested at a 7% interest rate?

Respuesta :

Arizonachrista Arizonachrista
  • 16-12-2020

Answer:

If it is an annual percentage rate: 8.4 months

Step-by-step explanation:

2500 x .07 = 175

175 / 250 = .7 / 12months = 8.4 months

Answer Link

Otras preguntas

What is 7/9 as a percent? Rounded to the nearest tenth percent.
What are two advantages that locomotion gives to an organism?
How does the ocean help moderate the earth's climate
Do multiplication always make the number bigger
which climate has no vegetation and his home to penguins and polar bears?
Describe how an organism becomes a fossil? HELP ME!!!!!!!!!!!
what main political groups existed in the colonies in the 1770 and how did they get there names
How does the ocean help moderate the earth's climate
What is 7/9 as a percent? Rounded to the nearest tenth percent.
Describe how an organism becomes a fossil? HELP ME!!!!!!!!!!!