Question

Lori wants to deposit $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take for Lori to earn $200 in interest?.

Answer 1

Answer:

2 years

Step-by-step explanation:

First, we'll work out what the annual interest is.

$2500*0.04=100$ (USD).

So it will take $(200\div100)=2$ years for Lori to earn $200 in interest.

Answer 2

Answer:

2 years

Step-by-step explanation:

TTM </3