Question

Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

Answer 1

rate x amount x time= interest
(5×x×10)÷100=1000
50x=100000
x=1000000÷50
x=20000 dollars

ans=$20000
hope it helped

Answer 2

Answer:

20,000

Step-by-step explanation:

;)