# math

posted by
**nae** on
.

1.In what length of time will $500 be the interest on $2500 invested 5% per anum?

Is this compounded. I will assume it is not.

0.05 x 2500 x #yrs = 500

Solve for #yrs.

posted by
**nae** on
.

1.In what length of time will $500 be the interest on $2500 invested 5% per anum?

Is this compounded. I will assume it is not.

0.05 x 2500 x #yrs = 500

Solve for #yrs.