rockjacob1121 rockjacob1121

16-12-2020
Mathematics

contestada

How long will it take to get $250 in interest if $2500 in invested at a 7% interest rate?

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Arizonachrista Arizonachrista

16-12-2020

Answer:

If it is an annual percentage rate: 8.4 months

Step-by-step explanation:

2500 x .07 = 175

175 / 250 = .7 / 12months = 8.4 months

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