you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in interest?
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21lwhiti
Question
you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in interest?
1 Answer

1. User Answers ddd21
It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year