Question

You want to put $2,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest? A-1 B-6.25 C-10 D-25

Answer 1

I=Prt
Interest=principal×rate×time
500=2000×0.025×y (for years)
500=50y
10=y so
C) 10 years

Answer 2

Answer:

10

Step-by-step explanation:

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