May 30, 2016

Homework Help: math

Posted by nae on Saturday, November 11, 2006 at 6:28pm.

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.

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