Respuesta :
Answer:
Find out the how long will it take you to earn $500 in interest .
To prove
Formula
[tex]Simple\ interest = \frac{Principle\times Rate\times\ Time}{100}[/tex]
As given
You want to put $4,000 in a simple interest account.
It has a 2.5% annual interest rate.
interest rate = $500
Put in the formula
[tex]500 = \frac{4000\times 2.5\times\ Time}{100}[/tex]
[tex]Time= \frac{500\times 100}{4000\times 2.5}[/tex]
[tex]Time= \frac{50000}{10000}[/tex]
Time = 5 years
Therefore the 5years will it take you to earn $500 in interest .
