qawsedrftgyh7385 qawsedrftgyh7385
  • 30-12-2021
  • Mathematics
contestada

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?.

Respuesta :

JKHCui JKHCui
  • 30-12-2021

Answer:

2 years

Step-by-step explanation:

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

[tex]2500*0.04=100[/tex] (USD).

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

Answer Link
boufousiqbal
boufousiqbal boufousiqbal
  • 08-03-2022

Answer:

2 years

Step-by-step explanation:

TTM </3

Answer Link

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